Bitcoin: Did the Election Mark the Low? (he/him)

This post was originally published on this site

Question of the day: did the election just mark the low? Last night Bitcoin swept the October low ($76,195) to $75,649 and ripped 7% in one session.

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#Bitcoin #BTC #investing

CHAPTERS
0:00 Pre-show: the waiting screen (the stream starts at 10:00)
10:00 We are live: back above $80,000 after the midterms
10:22 Under the October low, but the short-term signals say rally
10:40 Why Bitcoin rallies with the blue team winning
12:41 QQQ: $683.50 holds it, $700 on a close matters
13:30 QQQ monthly: bearish engulfing, a rally to the red 5 EMA
14:16 S&P futures: the 7,575 low on a weekly close is everything
15:30 Detrick: split Congress 15.1% vs a Democrat majority 6.7%
16:57 Republican president, Democrat Senate: the worst combination
17:12 Bitcoin: daily, 6h, 12h and 4h bullish divergence confirmed
17:33 Reclaim $78,700 and every moving average above $80,000
18:00 Above $80,000 there is no daily silver cross down
18:43 The ugly stat: no green November after breaking the October low
19:10 Still a lower high: $81,900 on a daily close is out of the woods
19:41 My line in the sand stays $75,000 on a weekly close
20:00 The Daily Hundred: $100 of Bitcoin on Coinbase, filled live
20:17 Coinbase trading competition: the categories, then it ends on air
21:37 Two-day: hidden bullish divergence; $80,369 reclaims everything
22:19 A daily close above $81,900 flips my short-term bias to bullish
23:11 The 5-day silver cross: the biggest signal on the board, Friday
23:48 A 5-day close above $80,450 = a real major low attempt
24:00 A dip to $78,000 or $79,000 would be a buy for me
24:33 Stochastic: daily turned from the extreme zone, first since September
25:14 Range play: the range low is in; the middle, not a breakout
26:10 Reverend Ribbons: reclaim the $80,000 mid band, target $83,000 to $83,400
27:21 Kalshi November: $82,500 at 79c, $85,000 at 57c, $87,500 at 40c
28:11 Below $75,000 at 49c: I want the closures first
28:55 Golden cross roadmap: day 57, +2.3% vs a +20% median
29:55 Gold: a bounce to $4,100 to $4,170, still bearish
31:45 Every November under the October low, chart by chart
34:08 Has a red October ever had a green November? Once, 2014
34:37 MicroStrategy: $155 is the lower high that matters
36:27 Ethereum: $24.30 reclaims, $25.85 target, then a higher low
38:45 The next 10 days: up to $83,000 to $84,000 if the closes land
39:44 S&P: a 5% correction already; 7,819.5 is the reclaim
42:27 Zcash: the range low at $1,120, $1,380 breaks it out
44:30 Hype: $81 mid-range higher low, $95 top, $75 if it breaks
46:12 The two numbers for tonight: $80,000 daily, $80,343 two-day
50:47 Blue or red, the stock market goes up
51:23 The low was in last week? The low was literally yesterday
52:55 Tesla: $375 low, $413.15 confirms, $300 to $315 if it fails
57:33 Nasdaq: the swing low for the month; 30,178 is the line
1:00:02 Datadog: data-center names cooked; a bounce, not a reversal
1:05:16 Reverend Ribbons: the next mid-band reclaim is usually the big one
1:06:47 Short-term bias flips bullish if it all confirms tonight
1:09:00 Indicator sale: 20% off with code NOVEMBER until the TradingView change
1:15:36 Diversifying: I bought more IBB and XBI
1:17:01 Sell the losers: tax-loss harvesting time
1:25:31 Palantir: a $160 bounce, the next low $144 to $145
1:26:21 November view: zero green Novembers after the October low, until $81,900
1:29:04 If the closures fail: below $70,000 and an ugly 2 to 4 months
1:32:53 Coinbase stock: at the one-year lows, bearish
1:33:54 If Bitcoin bottomed, the strong alts bottomed; Link needs $14.38
1:36:03 Marvell and Intel: semis hit, $150 then $175 to $180
1:38:50 Free courses: TA 101, Options 101, Central Command
1:39:42 THE SHORT-TERM OUTLOOK: close above $80,000; $81,900 ends the downtrend
1:40:38 Two-day $80,350, three-day Thursday, five-day Friday; $81,900 next week

DISCLOSURES
General market commentary, not personalized investment advice. I am not a registered investment adviser. I may hold positions discussed. Trading carries substantial risk of loss. Some links are affiliate links.