{"id":2465,"date":"2024-11-11T17:02:04","date_gmt":"2024-11-11T17:02:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2465"},"modified":"2024-11-11T17:02:04","modified_gmt":"2024-11-11T17:02:04","slug":"money-flows-out-of-gold-into-bitcoin-next-bitcoin-stop-100000-aggressive-buying-in-tesla","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2465","title":{"rendered":"Money Flows Out Of Gold Into Bitcoin, Next Bitcoin Stop $100,000, Aggressive Buying In Tesla"},"content":{"rendered":"<div>\n<p><em>To gain an edge, this is what you need to know today.<\/em><\/p>\n<p><figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/thearorareport.com\/wp-content\/uploads\/2024\/11\/2024-11-11_08h27_15.png\" alt=\"\" style=\"width:624px\"><\/figure>\n<\/p>\n<h3 class=\"wp-block-heading\"><strong>Trump Trade Rolls On\u00a0<\/strong><\/h3>\n<p>Please <a href=\"https:\/\/thearorareport.com\/chart-analysis-stock-gold-money-flows-bitcoin-soars-mc-11112024\">click here<\/a> for an enlarged chart of <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>).<\/p>\n<p>Note the following:<\/p>\n<ul>\n<li>The Arora Report\u2019s call on bitcoin has proven spot on. \u00a0 <a href=\"https:\/\/blog.thearorareport.com\/stock-market-110924\/\">On Friday, we wrote<\/a>:<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Bitcoin (BTC.USD) is being bought on hope that whales will take advantage of low liquidity during the weekend to run bitcoin up over $80,000.<\/p>\n<\/blockquote>\n<ul>\n<li>The chart shows that bitcoin has moved to $81,866 as of this writing.<\/li>\n<li>RSI on the chart shows that bitcoin is overbought.\u00a0 However, in The Arora Report analysis, the RSI pattern shown on the chart is setting up for a higher bitcoin price, perhaps after a shallow pullback.\u00a0 The next target for bitcoin is $100,000.<\/li>\n<li>The chart shows the support zone for bitcoin.<\/li>\n<li>The chart shows that bitcoin broke out on Trump&#8217;s election.\u00a0 Trump has said he wants to be the crypto president.\u00a0 As full disclosure, The Arora Report also gave a signal on Trump&#8217;s election to buy bitcoin via ETF <strong>iShares Bitcoin Trust ETF<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>).\u00a0 Bitcoin is also in The Arora Report\u2019s ZYX Allocation Model Portfolio.<\/li>\n<li>Money is flowing out of gold and other commodities, such as oil, and into cryptos.\u00a0 For the first time iShares Bitcoin Trust (IBIT) has become bigger than <strong>iShares Gold Trust<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IAU#NYSE\">IAU<\/a>).\u00a0 On Trump&#8217;s election, a record $1.4B money inflow took place in IBIT.<\/li>\n<li>When looking at gold and bitcoin, investors need to understand that the gold market is not being manipulated, while bitcoin can easily be manipulated.\u00a0 Anytime an asset can be easily manipulated, it can be driven higher than you would think.<\/li>\n<li>Other crypto tokens are also moving. Dogecoin, created as a joke, has gone up 40% since Friday.\u00a0 The meme crowd is going all in on smaller coins.<\/li>\n<li>Sentiment has reached the extreme zone.\u00a0 When sentiment reaches extreme positive, it is traditionally a sell signal.\u00a0 However, sentiment is not a precise timing signal.\u00a0 Also, this time is different because of the momentum from Trump&#8217;s election.\u00a0 The Arora Report&#8217;s sentiment indicator is a 360 degree view and is very comprehensive.\u00a0 Investors looking for a short cut may at this time look at bitcoin as an indication of sentiment.<\/li>\n<li>Investors need to understand that this is as pure of a momentum market as it gets.\u00a0 Momentum is &#8230;<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41883612\/money-flows-out-of-gold-into-bitcoin-next-bitcoin-stop-100-000-aggressive-buying-in-tesla\" alt=\"Money\" flows out of gold into bitcoin next stop aggressive buying in tesla>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>To gain an edge, this is what you need to know today. Trump Trade Rolls On\u00a0 Please click here for an enlarged chart of Bitcoin (CRYPTO: BTC). Note the following: The Arora Report\u2019s call on bitcoin has proven spot on. \u00a0 On Friday, we wrote: Bitcoin (BTC.USD) is being bought on hope that whales will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2465","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2465"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2465\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}