Dear Members,
Bitcoin, markets, and metals lost value on a positive astro day, which is not great news. Though we are not worried about the market at this stage, many emails are asking about crypto market advice for the short term.
Last few weeks, we have been recommending staying on the sidelines until the middle of November; no major buying is recommended because the upward trend will only start from the middle of November.
In the short term, we see Bitcoin holding $96111, but if it closes below this level for three days before 17 November, then it can test $86188 level, so keep this in mind. If Crypto fails to recover between 15 November and 27 November, then we may see a weaker trend in the next three months, resulting in a directionless trading pattern.
Ether will have important astro support at $2711 level.
Solana will have a crucial astro support level at $108.88 if it breaks $126.11 level.
Longer-term traders can start buying Ether and Solana in small quantities from today onward, and medium-term traders must start buying from November. A short-term, sharp upward move will occur in Crypto at 11.00 AM PST today and add some aggressive longs from Friday for the short-term trading.
The maximum lower side for the US market is 1% from current levels. It looks like the market has already bottomed out today. Watch the 11.00 AM (PST) onward market trend as well.
Today’s earnings call: Buy ALAB, ANET, AMD, AXON, TEM, and LITE are our top picks of Today. They all will gain value today after market hours, so it's a great time to make money. Buy META, APPLE, NFLX, MSFT, SOXL and TQQQ today.
Avoid buying metals, as selling pressure will build in precious and base metals. Stay away from any buying in metals stocks as further weakness is expected.
The US dollar is gaining a big value as expected, holding in our call for USD as it will surprise everyone.
Thanks & God Bless
Mahendra Sharma