it's a new day of new month and things are about to get real interesting as elections are here and as expected people are derisking before the election to buy back lower and decide wether the market want to continue making new highs or fall once and for all.
Since it's November already and first day of the month, I did my hive power up and let's talk about the progress I've made this year so far and how far I need to go in this month to reach my goals.
This month I've powered up just 20 hive that's all I had in liquid and already powered up those
So now my total hive power is 5,550HP which sounds like a pretty good number. Though I'm still half way there to my yearly HP goal.
Yearly HP Goal is 7,000HP
Like I said I've 5500 HP in my wallet and I need about 1450 HP more to reach 7,000 HP milestone and all I got left is 60 days before 2024 comes to an end.
So I did some math and here the number of HP I need everyday to reach the Goal.
At this point I need 24.17HP a day to meet my Goal.
It's seems like impossible as I'm getting about 50HP in a week but will try to utilise that other 50% in HBD value to power up more hive.
There's still plenty of time left and all I know is "I need to be consistent" and engage more from now on.
On 4th of November, one thing I'm 100% sure is that trump will take a good lead within couple of hours and that will be enough of a sign to run back markets turbo.
Especially the memes like "47th president trump on Solana, tremp, maga and others" will definitely pump 10x-50x.
I talked about people de-risking before election and it's happening as of now. What I'm thinking to do is "not add leverage on dips" because it could dip even more.
But frontrunners will frontrun
before adding up that leverage, I'm going to wait for Sunday market reaction where a lot of degens will move market high on leverage.
It's good to be a perfect sign that people are desperate to frontrun the frontrunners in this market before elections.
So, market makers will have to run their stop loss but the way things are going on already. I think most of high leverage people are flushed out Already.
The point is this weekly close is an Important one to watch and In my opinion we'll see this close at somewhere near $71.7- $72.3k per bitcoin which is going to be good and anything below 70k is ugly market structure.
Wrapping Up...
I'm kinda afraid of this month as this event will have a long term impact on the market, could be the beginning of bull run or bear market.
Depends on the results and reaction. Whatever happens, I'll be there taking actions and hopefully will survive the volatility we'll get in the market.
Since it's just the beginning of new month, let's hope and pray this month will bring many blessings and good days in our life. feel free to share your thoughts on this in the comments and don't forget to power up.
Posted Using InLeo Alpha
