Daily 4XSetUps - BTC1! Around All Time Highs

2024/10/30
Daily 4XSetUps - BTC1! Around All Time Highs
“no matter what everyone says about him today?
btc1! at all-time highs despite all adversities again!”


The US stock markets struggled to find new momentum on Wednesday. At times, at least the standard stocks tried to make a profit, but ultimately the most important indices suffered losses across the board. These were particularly large among the technology stocks on the NDX , where falling chip stocks contrasted with the strong figures from the Internet giant GOOGL . After a peak gain of half a percent, the DJIA closed 0.22 percent lower at 42,141.54 points. The market-wide SP500 lost 0.33 percent to 5813.67 points. Hopes for GOOGL had supported the NDX the day before; which has now fallen by 0.79 percent to 20,387.70 points. While BTC1! stabilized at a high level on Wednesday.

70825 USD - (2024/07/29) - high of July 2024
72660 USD - (2024/06/07) - high of June 2024
73300 USD - (2024/10/20) - last price action
73380 USD - (2024/04/08) - high of April 2024
74415 USD - (2024/03/14) - high of March 2024

That's why I`m basically bullish for BTC1! .
And that because of the last bearish GAP which was confirmed in the last calendar week before! What? Yes, look at the Chart! We have fallen back into the bearish GAP - but the bulls have regained ground above it. At least since the last upward movement, which is now 2 full calendar weeks behind us! Which admittedly is no guarantee that price action will continue to rise? True - but with a price action above this bearish GAP we have solid hope! And that's what this 4XSetUp is aimed at.

“Listening to uninformed people is worse than having no answers at all.”
Ray Dalio

Building on the bearish GAP that was recaptured, the rally, precisely from this bearish GAP, has stalled! And that's what this calendar week is about. That's what the last calendar week was about. Many influencing factors play a role in this price action - which I don't want to go into at this point and can't go into. US elections? Will Trump win? Does BTC1! win? Does Trump lose? Does Trump lose? Is BTC1! losing? Or the other way around? I don't know! And about the influence of US economic data I also don't wanna know anything! Because for me, BTC1! is fundamentally always emotionally driven, including their observers, traders and/or investors - who basically always write BTC1! up (because they own it). Because they own it. The others, like me too, simply don't care about it - the narratives which drive the price action up and/or down. That's it - basically!

However, today BTC1! stabilized at a high level!
The BTC1! is back above 70000 USD - a psychologically very important price action. And in the first two hours of Thursday trading, BTC1! continues to rise. But first things first: BTC1! closed on Friday more or less just above a small GAPS that we had at the opening on Wednesday - within the two candlesticks mentioned above. And opened this week just at the price action of the current sideways trend. What can you fundamentally be considered positively bullish if you want? And I do! Because if BTC1! stays above 70000 USD, at least this week, meanwhile above 73000 USD, then the way is free to make new old all-time highs. The only thing standing in the way is the high of March 2024, from 2024/03/14, at 74415 USD. Which was broken upwards in yesterday's daily trading - and at times even 74485 USD were traded for a short time, at first with a new alltime high.


With best wishes
and with good intentions!
Aaron



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