[Belgrade Bobby]

BTCUSD – Bitcoin

Another test of 100K on it’s way.

Resistances : 99.804.98 , 104.500.00 & 108.650.00

Supports : 91.215.00 , 90.735.00 & 88.700.00

 

[Belgrade Bobby]

BTCUSD – Bitcoin

Right now the main obstacle for Bitcoin is 98.800.00 – break of will open a road for test of 100K and further advances.

Close tonight above 97.200 would create a Bullish pattern for Monday.

[Belgrade Bobby]

BTCUSD – Bitcoin

Close tonight above 97.500 opens a road for attempt at the new high – over 100K

I am talking strictly technical – my ideal target is at 108.500 – that would establish a range between 85K and 110K in weeks to come.

[Belgrade Bobby]

BTCUSD – Bitcoin

Supports : 94.500 , 92.500 & 90.750

Resistances : 97.500 , 99.000 & 100 K

Close tonight above 97.500 would be a signal for another attempt at previous high within a day or two.

Any failure to overcome given resistances would push coin into deep correction.

Only barrier between going back to 70K zone is 85.500

[Belgrade Bobby]

BTCUSD – Bitcoin Daily

Supports : 90.730 , 88.600 & 85.450

Resistances : 94.250 , 95.075 & 96.975

So far this drop looks like a correctional phase, and as long as it stays above 85.450 it can go for a new high.

It is quite possible to have another rally reaching 108.500 , but I am not recommending any adding to existing positions or establishing a new one – use that rally if it happens to close your longs boys and girls….

[Belgrade Bobby]

BTCUSD – Bitcoin

As I warned last week, some heavy profit taking occurred on approach to 100K.

Now we have to see if 93.700 can hold it up, or it will be on the road to bigger correction.

The Rally that started in first week of November this year is about to give it up.

[Belgrade Bobby]

BTCUSD – Bitcoin

High so far 99.804,98 – few bucks short of 100K 😀

So what next ??

Technically speaking , it has more room to go – that upper trend line is at 108.285 right now.

Experience wise : we should see another 2-3 days of blow of rally…

Trading wise – it is about time to cash in on any further rally.

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

Darkening skies over Europe’s economy, trade and politics sent the euro plummeting to its lowest in two years – just 3% from dollar parity – as post-election U.S. crypto optimism sees Bitcoin flirt with $100,000 for the first time.

Morning Bid: Euro/dollar stares at parity, Bitcoin eyes $100k

[GVI Forex 2]

Trump Trade says

Firmer stocks, higher yields, firmer dollar, Bitcoin up

[GVI Forex 2]

Trump Trade say

Firmer stocks, higher yields, firmer dollar, Bitcoin up

[GVI Forex 2]

JP, good question about Bitcoin and Gold.

In the case of Bitcoin, it may be a matter of following the path of least resistance with Trump on crypto’s side.

As for Gold, it can be explained technically or maybe some funds switching from gold into crypto.

[Mtl JP]

EXACTLY WHAT IS GOING 0N :

XAUUSD DAILY CHART – WATCH 2600
BTCUSD – Bitcoin Weekly

What is GOLD’s heave and BTC’s volcanic run reflecting in society’S relative fear and greed themes ?

[GVI Forex 2]

XAUUSD DAILY CHART –  WATCH 2600

Reversal of fortune: Bitcoin up, Gold down

If I had to pick a target for the XAUUSD retreat it would have been 2600, which has been tested as the retreat from the record high continues. Low so far 2595.

So 2600 now becomes the pivotal level that needs to become support or next risk is for another $50-55 on the downside.

The straight line move down has left resistance far away so using other time frames, 2626/43/75 are some levels to watch.

[Belgrade Bobby]

BTCUSD – Bitcoin Weekly

This break in the Upper Channel opened a road for some heights that were only dreamt about till recently.

Supports : 82.000, 78.500 & 73.500

Resistances : 93.500 & 105.000

[Mtl JP]

Bitcoin Tops $85,000 as Investors Back Trump Trade
The cryptocurrency reached new heights on the back of Donald Trump’s election victory. The Dow rose more than 300 points.

hmmm.   that sounds, to me, too plausible a speculation about what drives bitcoin

[Mtl JP]

according to cnbc’s Katrina Bishop:

“Bitcoin tops $82,000 as crypto euphoria over Trump win shows no sign of waning”

I have a different view of what Bitcoin represents, reflects and means in society

[GVI Forex 2]

Trump Trades

Stocks bond yields usd up

Bitcoin hits record high

[SF Monedge]

Bloomberg reporting betting market now has 70% odds of a Trump win.  Trump stock and Bitcoin are taking off.

[GVI Forex 2]

A look at the day ahead in U.S. and global markets by Harry Robertson

From U.S. small-cap stocks to bitcoin to the dollar, some investors are seeking out assets that can prosper under a second Donald Trump presidency.

The former president has taken the lead over Vice President Kamala Harris in betting markets, although Harris held a marginal lead in a Reuters/Ipsos poll this week.

So-called Trump trades focus on those parts of the global economy likely to feel the force of tariff hikes, deregulation, and bigger deficits.

Morning Bid: Trump trades shine, China data darkens

[GVI Forex 2]

Small-cap stocks, bitcoin climb; Mexican peso, Treasuries slip

Trump Media & Technology Group shares up 140% since Sept. 23

Investors debate if market moves are due to Trump or economic optimism

NEW YORK, Oct 18 (Reuters) – Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day.

From bitcoin to Mexican peso, ‘Trump trades’ are appearing again