100k for bitcoin soon?

This is a pre-live session market update in 30 seconds for the free & paid subscribers.

WLGC Session 170 (Week 47, 2024) will start on 19 Nov 2024 (Tuesday), 8 pm (GMT + 8).

You can click here for more details about the weekly live session.

Market Update in 30s

Here are a few key observations/comments:

• A pullback is unfolding as per our discussion last Tuesday as the demand was exhausted in the S&P 500.

• The election bar is being tested. As long as this bar is not violated, the upswing is still intact.

• Some of the over-extended stocks (AFRM, DOCS) discussed last week had a healthy pullback to the support area. A reversal entry will provide a great reward to risk.

• Bitcoin showed incredible strength without even touching 1/2 of the 11 Nov's bar. The next target is 100k.

• Plan: Look for reversal entries to anticipate the continuation of the trend.

During tomorrow’s live session, we will also discuss Nasdaq, Russell 2000, Dow Jones, Gold, Silver, Bitcoin, Dollar Index, exciting chart development, and the trade entry setups with decent rewards to risk.

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Disclaimer: The information in this presentation is solely for educational purposes and should not be taken as investment advice.

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