Daily 4XSetUps - Trump Back In Office Unleashes BCT1! To New ATH

2024/11/06
Daily 4XSetUps - Trump Back In Office Unleashes BCT1! To New ATH
“a very bullish increase of over +9.17% paints a new picture!
will the upswing last tomorrow? at least during this week?”



Donald Trump's clear victory in the US presidential election triggered a price rally on the New York stock exchanges on Wednesday. Not just our BTC1! has risen by more than +9% today. The leading index DJIA and the market-wide SP500 also reached record highs, as did the IXIC on the Nasdaq technology exchange and/or incl. the NDX . Just two hours before the market closed, the DJIA gained +3.47% to 43,687.45 points. The SP500 gained +2.40% to 5921.36 points. The NDX recorded an increase of +2.53% to 20,738.31 points. Further high prices and thus a year-end rally are a conceivable scenario after Trump's clear victory and a majority of Republicans in the Senate and possibly the House of Representatives. This would allow Trump to govern like he and/or his us republicans want; i.e. trying to organize peace in middle east and/or ukraine (even don`t loose theirself as americans in foreign military adventures), reduce taxes, expand oil production and/or even tighten immigration laws. Which is why he was elected.

$76630 - 2024/11/06 - last price action
$71074 - 2024/11/01 - 13 Week SMA
$67945 - 2024/11/01 - 52 Week SMA
$62560 - 2024/11/01 - 156 Week SMA
The last week - before the US presidential election in 2024 - was more than remarkable because not only did we see our BTC1! above the two highs from 2021 for the first time! have traded and or also in our BTC1! have invested. No - bullish and bearish traders as well as investors have also briefly traded the previous annual highs of 2024 within just one week, just last week - and even on Tuesday, October 29, 2024, a new historical all-time high at $74485 for a short time. But only to fall back to just under $70000, i.e. $69730. So, looking back on a weekly basis, we have a bullish green candlestick - but it looks very much like a sell signal. Because you can obviously see in the candle that the bulls (temporarily) ran out of steam last week!? And or that the bears just took over the terrain again at $66,000!? So that we can prepare for turbulent price action - especially during the US presidential election - in the current week. Both new old all-time highs and a fall below $60000 - even below our stop price - are possible…

“Great people are hard to find so make sure you think about how to keep them.”
Ray Dalio

$76630 - 2024/11/06 - last price action
$69335 - 2022/04/12 - 1st historical alltime high
$68045 - 2022/11/08 - 2nd historical alltime high
These 2 all-time highs were traded in 2021 - almost a year after the coronavirus outbreak. And or also in the year before the Russian military invaded eastern Ukraine. What role do these two events play with the price action on our BTC1! have? I don't know it! But no one can deny that you have one! You something? Therefore, a price action above $69730 in the historical context tends to promise new all-time highs - i.e. it is bullish. Since many are back on our BTC1! attention - and thus, thanks to the euphoria, new buyers may be attracted. On the other hand, a price action below $68045 is likely to kill the current euphoria due to new old all-time highs - as the first bulls may then switch to the bear camp and realize their (non-)existent profits. Which could then drive the mood, the price action, faster and deeper than we can imagine today. Like twice in 2021!?

Trump will be back in the office from 2025!
What does this mean for our BTC1! ? For this year 2024?
From today's perspective - stay long. But first we have to defend last week's $74485 for the rest of the week. Which is currently looking very good. Because with a price action above that, we can argue that the bulls have not only taken back the much-talked-about terrain of $66,000! No - we can also argue that the price action is taking place above the roofs of the previous annual highs in 2024...

$76630 - 2024/11/06 - last price action
$74415 - 2024/03/14 - high of March 2024
$73380 - 2024/04/08 - high of April 2024
$72660 - 2024/06/07 - high of June 2024
$70825 - 2024/07/29 - high of July 2024


With best wishes
and with good intentions!
Aaron



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