BTC Gearing Up for a Breakthrough: Election Day Could Align BTC is showing clear signs of nearing a breakout. The upper trendline (marked in yellow) is the key area to watch, and it’s only a matter of time before it gets broken. After completing a significant reset at the bottom of an XYZ or ABC pattern, BTC has now entered an impulse wave, suggesting we’ve moved past Wave 4 correction.
What’s intriguing is the timing: the top of Wave 3 of 5 seems to coincide with Election Day in the USA, hinting that a major Wave 5 of 5 flameout could follow toward the end of January. With some early signs of bullish momentum and the formation of a strong impulse wave, this long-awaited breakout is becoming more and more probable.
Trump
Walz vs. Vance: Markets to Watch Democrat Tim Walz and Republican JD Vance are set to clash next week in the sole U.S. vice presidential debate, an opportunity for both candidates to bolster their running mates’ platforms ahead of the crucial November 5 election.
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Will the markets mirror the first debate’s outcome?
Vance faces an uphill battle, with polling data showing he carries higher unfavorable ratings compared to Walz. So, unless Vance exceeds expectations during the debate, the "winner" will likely be the more favored candidate going in.
During the first debate between Trump and Harris, assets linked to the Harris/Walz ticket surged post-debate. Green economy stocks rose 4.1%, renewables climbed 4.0%, and oil gained 2.1%, driven by lower supply expectations. Semiconductors saw a 4.4% uptick. Meanwhile, Trump-trade assets stumbled, with Trump Media & Technology Group plunging 13%, and crypto-related stocks, including Bitcoin, pulling back.
Must-Watch Events in U.S. Politics This Week With six weeks until Election Day, Vice President Kamala Harris leads former President Donald Trump by 5 points, 49% to 44%, according to a new NBC poll. Harris' favorability has surged 16 points since July, the largest increase for any candidate since George W. Bush after 9/11.
Harris is set to unveil new economic proposals on Thursday, expanding her vision for an “opportunity economy.” Meanwhile, Trump is now urging early and mail-in voting, despite previously blaming it for election fraud.
As for a second debate, Harris has accepted an invitation for October 23, but Trump seems reluctant after their first encounter.
Additionally, House Speaker Mike Johnson has proposed a stopgap funding bill to prevent a government shutdown before the Sept. 30 deadline, with a vote expected on Wednesday.
Truth Social’s Parent Company Stock Tumbles: What’s Behind This?Shares of Trump Media & Technology Group (NASDAQ: NASDAQ:DJT ), the parent company of Truth Social, continue to slide, dropping another 6.19% on Friday. Since its public debut, the stock has faced turbulent waters, once reaching highs of $70 but now sitting around $14.70. So, what’s driving this steep decline?
The Lock-Up Period Ends, Investors Brace for Impact
The most recent catalyst for the sell-off? The expiration of a lock-up period for insiders, including former President Donald Trump, who owns a 57% stake in the company. Lock-up periods are designed to prevent insiders from selling their shares immediately after an IPO or SPAC merger, but once they expire, large shareholders are free to sell off their positions—potentially flooding the market with stock.
Though Trump assured investors he has no intention of selling, with statements like, "I don’t want to sell my shares" and “It is my intention to own this stock for a long period of time,” uncertainty still looms large. Many investors fear that if Trump or other insiders were to offload shares, it would tank the already battered stock even further.
The Political Influence
NASDAQ:DJT ’s stock performance has always been closely tied to political events. The stock initially surged following Trump's debate with then-President Joe Biden and the subsequent political drama surrounding both parties. However, the political climate has shifted, and the stock has struggled to find its footing, especially with President Kamala Harris now leading the Democratic ticket.
These political shifts have weighed on the stock, especially as Truth Social’s role in the broader media landscape has come under scrutiny. Although the platform was designed as a conservative alternative to Twitter, the stock's performance suggests that the platform hasn't captured as much market share or user engagement as anticipated.
Technical Outlook:
On the technical side, NASDAQ:DJT is showing significant signs of distress. The stock has entered oversold territory, with a relative strength index (RSI) of just 27. Typically, an RSI below 30 signals that a stock is oversold, meaning it could be poised for a bounce. However, there's little sign of a reversal, with the daily chart revealing a death cross pattern—a bearish signal that occurs when the 50-day moving average crosses below the 200-day moving average.
This death cross, combined with the fundamental uncertainty surrounding the stock, has created a perfect storm of downward pressure. Investors are increasingly wary of NASDAQ:DJT , particularly as there is no clear path forward for reversing the current trend.
A Grim Picture
While technical analysis shows bearish signals, the fundamentals offer little relief. Since its listing, Truth Social has struggled to maintain consistent user growth and advertising revenue, two critical factors for sustaining a social media platform. Despite its high-profile beginnings and its positioning as a conservative voice in social media, it hasn’t been able to generate the kind of traction needed to sustain long-term growth.
Furthermore, Trump Media & Technology Group’s value largely hinges on the public's and investors' continued belief in its future. Given the end of the lock-up period and looming uncertainty about insider intentions, the stock is facing even more downward pressure.
What Lies Ahead?
So, where does NASDAQ:DJT go from here? With political uncertainty, insider selling fears, and bearish technical signals, the stock faces an uphill battle. The lock-up period expiration could potentially bring more selling pressure as insiders have the freedom to cash out. If Donald Trump and others decide to hold their shares, as they’ve suggested, it may stabilize in the short term. But the long-term outlook remains cloudy.
For risk-tolerant investors, the current oversold conditions might seem like a buying opportunity. However, with the death cross pattern on the charts and ongoing market volatility, the risks may outweigh the rewards. Until NASDAQ:DJT can demonstrate stronger fundamentals, both politically and financially, it’s hard to make a bullish case for the stock.
In the meantime, investors should buckle up— NASDAQ:DJT 's rollercoaster ride may be far from over.
Will NASDAQ:DJT rebound, or is this the beginning of the end for Trump’s media empire? Investors should keep a close eye on the coming weeks to see how the stock reacts to insider actions and political developments.
Is crypto preparing for a new surge!?Since March 2024, we've witnessed a significant decline in the cryptocurrency market. During this time, the price of Bitcoin (BTCUSD) has dropped by 20-30%, and many altcoins have lost 50-70%, retesting the lows of June 2022. Market participants, especially those who bought at March highs, are growing nervous, with many questioning the future of cryptocurrencies as an investment class.
However, this correction is normal in terms of market cycles and historical metrics. Moreover, U.S. presidential candidates are using the crypto market as a key element of their campaigns. This could temporarily hold back crypto growth, allowing the winning candidate to claim future successes.
Looking closer, several powerful factors are supporting the prospects of a crypto market rebound:
Political context: The 2024 U.S. presidential election is in full swing, and both leading candidates are focusing on blockchain technology and cryptocurrencies. This creates a favorable environment for renewed interest in crypto as an investment tool. Campaign promises and discussions around supporting blockchain could stimulate interest among both private and institutional investors, potentially driving cryptocurrency growth.
U.S. interest rate cuts: On September 18, the Federal Reserve lowered the key rate to a range of 4.75–5%, marking the first reduction since March 2020. This move aligns with market expectations but decreases the appeal of traditional financial instruments like bonds due to their lower yields. In such an environment, investors often seek higher-yielding assets, including cryptocurrencies.
Bitcoin halving impact: One of the key events influencing Bitcoin's price is halving — the reduction in rewards for mining new blocks. The latest halving occurred in April 2024, and its effects typically appear within 5-8 months. Historically, halving creates a supply shortage, driving up Bitcoin prices. With Q4 2024 coinciding with this period, Bitcoin could surpass previous highs, potentially boosting other altcoins as well.
FreshForex analysts believe the cryptocurrency market holds significant growth potential for the rest of the year, thanks to a combination of macroeconomic factors, political support, and the halving effect. The current correction is an excellent opportunity to enter the crypto market before the upcoming rally! Don’t miss your chance—trade and profit with us!
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How High/Low Could The US Election Day Send Us?CRYPTO:BTCUSD New visits to lower levels are highly expected, as that would constitute a continuation of the short-mid term downtrend we are in. Keep cash on the sidelines to progressively accumulate and give yourself some peace of mind. Finding liquidity at around 40k before a big run pushed by new debt is a real possibility, count on it and be prepared for that scenario. Remember DCA is king because Time on the market is. ♥
SPX & Bitcoin Correlation & US presidential election #Spx 1D chart;
Let me first talk about the importance of the S&P 500 chart;
They are positively correlated (i.e. they move together):
*#Nasdaq100
*#Oil
*#Bitcoin (sometimes)
Now, what I want to draw your attention to is that just before the presidential elections, in September and October, there was always a decline. After the elections, there has been a continuous upward trend in the first 100 days.
Not counting the 2008 world economic crisis, this has never changed in the last 3 elections. Even after the 2008 crisis, after falling for a while, it started to rise immediately afterwards. The data we are evaluating here is the first 100 days.
In September 2024, I indicated the decline with an orange circle
With a decline in October, a long-term uptrend may begin.
If Bitcoin also shows a correlation here, which is my expectation as in the #Btc chart I drew earlier, we will start a permanent uptrend after suffering for another 1 month.
SP500 end of first 100 days data after the US Presidential election:
Post 2020 Election (Joe Biden): +17%
Post 2016 Election (Donald Trump): +10%
After 2012 Election (Barack Obama - Second Term): +10%
After 2008 Election (Barack Obama - First Term): -19%
BITCOIN $94K to $145K !!🌱 BTC exit plan strategy - Currently in larger degree of Wave 5, which is the shortest dated and most aggressive wave up.
I'm expecting it to peak around $94k to $100k being an achievable target with an optimistic target of $145k. After that, we'll probably see a distribution phase driven by euphoria--think soft landing hype and trump's crypto endorsements.
As BTC hits those highs, altcoins are likely to catch all the liquidity and start outperforming.
When the bullish sentiments peaks, that's probably the real-mid cycle top everyone's been talking about.
I also think that this consolidation phase lasted for so long, so when BTC breaks out of this range, it creates a MASSIVE EMOTIONAL GAP and everyone will start FOMO-ing in.
Trading the Presidential Debate Investor focus is about to turn to the televised presidential debate between Donald Trump and Kamala Harris. With the race currently so tight, even a small post-debate shift in voter sentiment could impact key markets.
Budget forecasters are grappling with constant changes, and Tuesday's Harris-Trump debate could introduce new ideas.
What we currently know:
Trump’s recent embrace of crypto, including plans to fire SEC Chair Gary Gensler and promote U.S. Bitcoin mining, could fuel volatility in digital currencies. Harris, though less vocal on crypto, supports policies fostering tech growth, but her stance remains less defined.
Trump’s plan to slash the corporate tax rate to 15% could boost S&P 500 earnings, while Harris’s proposal to raise it to 28%, a move that may weigh on profits and valuations.
The U.S. dollar could rise under Trump’s policies, with tariffs and increased fiscal spending driving inflation and higher interest rates. However, current estimates show Trump's agenda significantly increasing federal debt which may weigh on its long-term outlook.
DJT might flyDJT (Trump Media)
Short Interest % Float 15,93 %
Off-Exchange Short Volume Ratio 57,52 %
With the upcoming political events and elections and this stock being a potential investment vehicle for allies, and also considering how far the stock has been sold down by now, this seems like an ideal candidate for a massive short squeeze.
Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
DXY - Looking to Big PictureWhen we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102.
I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid increase with Trump's arrival corresponds to 110s. It has been an expected area for a long time and when Trump Dxy is at 110s, similarly, if the decrease starts with him saying the dollar is too expensive, it goes to 94s, fractal.
Here, my hopes begin and I say that it is still expensive at those levels, we will go down to 86s. This means a 4-year never-ending mega bull.
I applied the same fractal to the euro, and the much-anticipated 1.02s are here again. If I can get a fund, I will look for swing shorts at 1.12s. The fractal and events looked pretty good to me. It also fit the channel nicely.
FX:EURUSD
TRUMP Coins : HIGH RISK !MEXC:BABYTRUMPUSDT MEXC:STRUMPUSDT BITMEX:BTRUMPT BITMART:TRUMPUSDT
Trump coins recently surged as Kamala Harris said she would appoint SEC Chair Gary Gensler as Treasury Secretary if she wins. To be perfectly clear, this post is NOT aimed at showing preference to either party - but rather taking a look at where trump-related altcoins could go next after the surge.
1) MAGAUSDT
📢Verdict - SHORT
👉Bearish M-Pattern after a 77% increase:
2) TRUMPUSDT
📢Verdict - UNDECISIVE
👉 Price playing sideways after a 62% increase:
3) BTRUMPTUSDT
📢Verdict - SHORT
👉 Price making lower highs and lower lowers after a 127% increase:
4) STRUMPUSDT
📢Verdict - SHORT
👉 Price in strong downtrend after a 64% increase:
5) BABYTRUMPUSDT
📢Verdict - SHORT
👉 Clear Top-Out, watch out for losing trendline:
Considering these are all MEME COINS - trade with extreme caution since they are very high risk trades.
_____________________________
4 Political Tensions Fueling Gold Prices As gold aims to test record high again, let's look at some of the political issues possibly driving the price action.
Iran Tensions Escalate:
The Pentagon has dispatched a guided missile submarine and a carrier strike group, to the Middle East. This move follows Iran's vow of retaliation against Israel after a senior Hamas leader was killed in Tehran last month. With nearly two weeks passing without a retaliation, the atmosphere remains tense.
US Political Landscape:
A recent New York Times/Siena poll places Vice President Kamala Harris, who is on a swing state tour, ahead of former President Donald Trump by four points in key battleground states, including Michigan, Wisconsin, and Pennsylvania. However, with nearly three months left until the election, the race remains fluid. Trump is set to appear in an interview with Elon Musk on the X platform, looking for a shift in momentum.
US Economic Concerns:
Bank of America CEO Brian Moynihan warned that U.S. consumers might become “dispirited” if the Federal Reserve delays interest rate cuts. He emphasized that once consumer sentiment turns negative, recovery becomes challenging. However, Moynihan acknowledged that Bank of America no longer anticipates a recession.
Ukraine’s Military Advance:
Ukraine’s top military commander reported control over 1,000 square kilometers of Russia’s neighboring Kursk region, with Russia evacuating over 76,000 residents from western Kursk. Russia is now evacuating residents from a second border region as Ukraine's surprise week-long offensive within Russian territory intensifies.
ADD DARK MAGA $DMAGA on to your WatchlistInteresting structure
and action on this S coin on #solana
Elon very briefly changed his X pfp to the dark maga colours
if thats all you need for a fundamental reason ... thta's a pretty good one
But on a technical level we have a higher low
let's see if it can break through that key level and form. large inverse head and shoulders
Dollar Strengthening and the coming election cycleUS Dollar will continue to ping pong between supply and demand during the election cycle. With other major economies like China's being Paper Tigers, the U.S. will by osmosis become stronger. As we learned years ago, nationalized tightly controlled markets don't work as well or at all. The CCP will try and buy gold and other assets to de-dollarize which will only work for so long to make the dollar look weaker than it actually is.
Trump's cabinet is largely ...less scientifically or mathematically inclined when it comes to policy. This will hurt the U.S. economy by increasing tax breaks for corpos and making it harder to maintain a healthy economy as wealth disparity increases. Despite Biden's less than stellar speaking skills, his policies reflect modern neoliberal globalist economic principles which tend to make America wealthier than other superpowers.
Overall, we should expect a hawkish trend despite the extreme propaganda machine telling you that the dollar is weakening. This is a great contrarian opportunity.
That is, if you think Biden will win the election. If not, get ready to look towards other assets like gold and Bitcoin.
BITCOIN - TRUMP ENDORSES BITCOIN AS US CRITICAL RESERVE - CM101BITCOIN / USD TA
To provide a technical analysis of Bitcoin based on the chart, let's focus on key elements such as trend lines, chart patterns, and Fibonacci retracement levels:
1. Fibonacci Retracement Levels:
- The Fibonacci retracement levels marked on the chart indicate significant price levels where Bitcoin may find support or resistance. We do not believe that we will see such levels any time soon though... These levels are:
- 0.236 at approximately $21,849
- 0.382 at approximately $27,207
- 0.5 at approximately $32,484
- 0.618 at approximately $38,784
- 0.786 at approximately $49,919
2. Chart Patterns:
- The chart shows a descending channel where Bitcoin has been consolidating.
- The breakout from this descending channel is crucial. The chart indicates a potential breakout to the upside.
3. Support and Resistance Levels:
- The immediate resistance level is around $68,846 (the previous high).
- There is support at approximately $62,500, which is indicated by the red line and the lower boundary of the descending channel.
- Further support levels are aligned with the Fibonacci retracement levels mentioned above.
4. Trend Analysis:
- The overall trend appears to be bullish as Bitcoin has been making higher highs and higher lows since the bottom in early 2023.
- The breakout from the descending channel could signal a continuation of this bullish trend.
5. Price Projections:
- If Bitcoin breaks above the $69,000 resistance level and sustains the momentum, the next major psychological level is around $77,000.
- In a highly bullish scenario, the price could target the $100,000 mark, as indicated by the green projection on the chart, by end of September as previously suggested.
6. Potential Bearish Scenario (Unlikely, but nothing is off the table):
- If Bitcoin fails to break out and falls below the $62,500 support level, it could retest lower Fibonacci levels. The first significant support in this scenario would be around $49,919 (0.786 Fibonacci level).
Summary
- Bullish Scenario: Breakout above $69,000 with targets at $77,000 and potentially $100,000.
- Bearish Scenario: Failure to break out and a drop below $62,500 with possible retests of $49,919 and lower Fibonacci levels.
Recommendations:
- For Bulls: Watch for a confirmed breakout above $69,000 before entering long positions.
- For Bears: Monitor the $62,500 support level closely for potential short opportunities if the price breaks down.
Not financial advice, just what we see playing out on the charts.
BITCOIN - TRUMP ENDORSES BITCOIN AS US CRITICAL RESERVE - CM101BITCOIN / USD TA
To provide a technical analysis of Bitcoin based on the chart, let's focus on key elements such as trend lines, chart patterns, and Fibonacci retracement levels:
1. Fibonacci Retracement Levels:
- The Fibonacci retracement levels marked on the chart indicate significant price levels where Bitcoin may find support or resistance. We do not believe that we will see such levels any time soon though... These levels are:
- 0.236 at approximately $21,849
- 0.382 at approximately $27,207
- 0.5 at approximately $32,484
- 0.618 at approximately $38,784
- 0.786 at approximately $49,919
2. Chart Patterns:
- The chart shows a descending channel where Bitcoin has been consolidating.
- The breakout from this descending channel is crucial. The chart indicates a potential breakout to the upside.
3. Support and Resistance Levels:
- The immediate resistance level is around $68,846 (the previous high).
- There is support at approximately $62,500, which is indicated by the red line and the lower boundary of the descending channel.
- Further support levels are aligned with the Fibonacci retracement levels mentioned above.
4. Trend Analysis:
- The overall trend appears to be bullish as Bitcoin has been making higher highs and higher lows since the bottom in early 2023.
- The breakout from the descending channel could signal a continuation of this bullish trend.
5. Price Projections:
- If Bitcoin breaks above the $69,000 resistance level and sustains the momentum, the next major psychological level is around $77,000.
- In a highly bullish scenario, the price could target the $100,000 mark, as indicated by the green projection on the chart, by end of September as previously suggested.
6. Potential Bearish Scenario (Unlikely, but nothing is off the table):
- If Bitcoin fails to break out and falls below the $62,500 support level, it could retest lower Fibonacci levels. The first significant support in this scenario would be around $49,919 (0.786 Fibonacci level).
Summary
- Bullish Scenario: Breakout above $69,000 with targets at $77,000 and potentially $100,000.
- Bearish Scenario: Failure to break out and a drop below $62,500 with possible retests of $49,919 and lower Fibonacci levels.
Recommendations:
- For Bulls: Watch for a confirmed breakout above $69,000 before entering long positions.
- For Bears: Monitor the $62,500 support level closely for potential short opportunities if the price breaks down.
Not financial advice, just what we see playing out on the charts.
Bitcoin – We Are In July 2016, In July 2024Just look at what the market looked like in July 2016, before the US election. As it did in the first half of 2016, Bitcoin has moved the same way over the year 2024 so far. That means if Donald is elected again we are up bigly running to April next year and then up hugely running to the end of 2025. We will all get very rich but it won't matter anyway because society will become very unstable. But you will enjoy great wealth in the meantime, enjoy!