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CoinNiel

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Bitcoin daily candle. The eight-month purple uptrend has finally been broken. It could form a double bottom, but the volume is too low for that to be likely. There’s no upward momentum. $76.1K is critical—if broken, the next support level is at $75K. Stop-losses for long positions are likely clustered here. Trump and the administration couldn’t wait a day and launched strikes on an Iranian island. They’ve already shown signs of conceding defeat in the midterms. If they restart attacks, as Israel has been poised to do, it could severely impact the market. bitcoin:native #Bitcoin

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Starting tomorrow, I plan to implement a dollar-cost averaging strategy on Nasdaq and KOSPI covered calls. The first chart is the QQQ chart. We can see an orange upward trend. The first sharp decline was due to Trump’s tariff threat. The second sharp decline was due to the Iran war—again, it’s Trump. Nasdaq has already dropped 10% from its peak. It’s currently positioned at the lower boundary of the uptrend channel and is only about 5% away from the two prior support levels in the uptrend. The second chart shows Samsung Electronics using Fibonacci retracement. It’s currently consolidating near the 61.8% level. I typically use dollar-cost averaging when a stock experiences a sharp drop followed by consolidation. This seems to be exactly that moment. The third chart is SK Hynix. It surged far above its previous uptrend, then sharply corrected back down—and now it’s stopping right at the upper boundary of its original uptrend channel. It’s down 53% from its peak, which I consider an attractive level. Of course, further declines are still possible. That’s why I’m approaching this with dollar-cost averaging. @Nasdaq @Samsung @SKhynix $QQQ #Trump

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This is a 4-hour Bitcoin candle—take a look at the MACD at the bottom of the chart. It’s peaked and is now declining. This could be a sign that the weekend’s weak rebound is fading. The trading volume accompanying the rebound was far too low. The market lacks momentum. It’s currently dropping without reaching the 80K level mentioned in today’s video. That’s unfortunate. The U.S. midterm elections are right around the corner. I’m curious to see what happens after they’re over. I hope we finally see some movement—whether up or down—after this dull period. I’m also still waiting, unable to decide on my position. #Bitcoin $BTC

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Bitcoin on-chain analysis. Reviewing common data through October 31, exchange net outflows are favorable, but signals remain mixed regarding a definitive upward reversal. Between October 25 and 31, approximately 30,435 BTC flowed net out of exchanges, reversing the prior 7-day net inflow of 3,434 BTC. However, a single-day net outflow of 23,790 BTC on the 29th makes it difficult to conclude this represents sustained accumulation. During the same period, the average funding rate rose to 0.0075%, up from 0.0061% in the prior 7 days. While long positions continue to pay premiums, this level alone is insufficient to confirm overheating. Open interest increased by 3.3% from approximately $25.1 billion on October 25 to about $26.0 billion on the 31st. However, the weekly average was roughly 0.2% lower than the prior week, making it unlikely that recent recovery reflects broad futures market expansion. Supplementally, MVRV declined from 1.56 at the end of September to 1.43 by October 31. While the premium of market value over realized value has diminished, it remains above 1, meaning this indicator alone cannot confirm undervaluation or a market bottom. Based on current data, I lean neutral rather than bullish. I would assess more positively if net outflows persist and funding rates stabilize; however, if net inflows return alongside rising funding rates and open interest, I will increase risk management exposure. Exchange flows have shifted to net outflows on a weekly basis. Funding rates are higher than the prior week, and open interest has recovered from recent lows. Combined with the MVRV decline, this suggests we are at a stage to verify signal sustainability rather than confirm direction. #MVRV #Bitcoin bitcoin:native

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The decline in Bitcoin has stopped. That’s a relief. It has reached and is being supported by a purple uptrend that formed over the past year. The first chart shows daily candles; the second shows 4-hour candles. As seen in the second chart, price briefly dipped downward before rebounding upward to recover—this is a much stronger support level, likely a fakeout. However, as covered in yesterday’s video, liquidity and trading volume remain low amid poor trading sentiment in the U.S. To maintain current price support and push for an upward move, both liquidity and trading volume must increase simultaneously. The U.S. midterm elections are approaching soon, and numerous attempts by the Republican Party and the Trump administration have been blocked by the Supreme Court. The outcome seems already decided. The key question now is when Trump will resume strikes against Iran. bitcoin:native #Bitcoin @realDonaldTrump

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I’ve sold all my U.S. dividend holdings and Dow Jones positions with currency hedging. This is SolmiDang. As planned, I’ve now sold all currency-hedged positions. Due to the won’s strength over this period, returns on overseas assets had dropped by around 20%. It was truly unexpected to profit from the currency hedge—I just got lucky. The dollar was strong, but the won was even stronger. Today, the KOSPI surged over 6%, with SK hynix rising an impressive 10%. The prices of SK Telecom and Hyundai Motor 2nd Preferred B, which I plan to sell starting tomorrow, have also improved further. Almost all of my planned moves are now complete. #KOSPI #SKhynix #schd #kospi

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I sold all of my positions in several altcoins: Optimism, XRP, Patch, Hedera, Plumenetwork, Filecoin, and Trump. All were sold at a loss. I simply sold tokens that were accumulated in a single wallet—there were no specific conditions triggering the sale. Since I’ve already profited from Bitcoin, Ethereum, and BNB, it’s fine to book losses on these smaller positions. I still hold other tokens in different wallets, primarily BNB. Other smaller altcoins will likely have opportunities later. I’m continuing to sell according to plan. Hopefully, Bitcoin holds steady over the weekend. @Optimism @XRP @Filecoin @Fetch_ai @plumenetwork

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I have sold all my Tesla shares. I’m glad I sold my SpaceX shares two days ago—otherwise, I would have been hit hard by yesterday’s crash. Compared to others, Tesla held up relatively well. Today, the Nasdaq has rebounded, and individual stocks have also shown some recovery. Now, all my U.S. stocks held in my German account have been sold, and I’ll be transferring the proceeds back to Korea as KRW. The Korean won is currently strong, so the exchange rate is a bit disappointing—but still high compared to levels over the past 20 years. Tomorrow, I’ll be clearing out my altcoin positions. I’ll share the details tomorrow. @Tesla @SpaceX #nasdaq

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Strategy, selling all NEAR Protocol coins. Both have been underperformers. Although they’ve risen significantly from their lows, it’s still painful. I’m cutting my losses. Most of my stocks on Trading Republic are nearly liquidated—everything should be settled by tomorrow. The EUR/KRW exchange rate isn’t favorable toward the euro, but since I need to send funds to Korea, I’ll transfer them mechanically. With the U.S. midterm elections approaching, Trump and the Republican Party appear increasingly divided. Please, just hold on—let the stock and crypto markets survive until then. @Strategy @NEARProtocol $BTC

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I sold all of my Palantir shares. Among all the U.S.-listed stocks I hold, this one performed the best. Cathie Wood, known as the "Money Tree Sister," also sold her Palantir shares last week. Looking at the chart, it formed a long bearish candlestick—nothing to celebrate. This week, I plan to clean up all my individual Nasdaq stocks. $PLTR #palantir @Nasdaq @CathieDWood https://t.co/RM46NNhu80