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Warning about Bitcoin, in addition to: metals, mining companies, and the US Dollar is ready to move.



The session last week, along with the early trades in today's session, supports my previous analysis.

Mining stocks fell, and they are likely leading the rest of the precious metals sector down.

- Mining companies are leading the sector to decline:
The GDXJ index is testing its lowest recorded levels from late October, while gold and silver are not declining. The stock market is not experiencing a drop today, so that is not the reason. Even if that were the case, it is likely to affect both: mining companies and silver.

So, what we have here is a weak performance for mining stocks. This does not bode well for the coming weeks, as monitoring mining companies to see the trend of gold is one of the most reliable gold trading tips.

Yes, GDXJ dropped from a high of 110 Dollar to below 90 Dollar temporarily (, but this is just the beginning of the decline in bids.

Let me remind you that the stock market has not seen any significant decline so far. In fact, it is still trading close to its all-time highs. This, along with the enormous potential of the Dollar Index, reinforces the bearish indicators that are evident through the technical picture of the Mining and Metals sectors.

We witnessed a clear monthly increase in the US Dollar Index during October, yet most investors remain oblivious to what is happening. People are still clinging to the theory "US Dollar = Bad", unaware that this very perspective is what creates promising buying opportunities.

Do you remember how no one wanted to invest in stocks after they dropped due to the Covid pandemic and the lockdown? Exactly.

Tariffs give the US Dollar a strong boost at its core, but it declined after their announcement in April. The US Dollar is not only expected to rise back to its levels in April but also to rise much higher thereafter.

It seems that the price of gold is forming a broader short-term peak in its resistance area, similar to what we saw in the second half of October. At that time, we witnessed a triple top, and this time, we will see three or four peaks, depending on how they are counted.

However, once the rise of the US Dollar Index becomes clear, the price of gold is likely to decline. I have previously written why the gold price forecast for November 2025 is bearish, and what we see today confirms that.

Silver is also correcting its recent decline, doing so in a way that creates a relatively symmetrical pattern of how its price moved in the first part of October.

Some may say that this is a head and shoulders pattern forming, where a smaller head and shoulders pattern is the head of the new pattern. This makes sense, and it shows how much silver has declined in the short and medium term. In the long run, I am very optimistic about the price of silver, but it seems to me that its current rise has come to an end.

It is not the only market that I think the big rise has ended.

The collapse of Bitcoin issues a significant warning signal.
I think the same applies to Bitcoin.

Yes. The "new gold" has broken its ascending support line, and this breakout was confirmed by returning to this line and then declining again. At the same time, Bitcoin has invalidated its rise to new record levels.

These are strong sell signals, and as we see them while the US Dollar Index is preparing to rise, it seems that these are the last days in which Bitcoin and most cryptocurrencies ), if not all of them ( can be disposed of at very good prices. If you own Bitcoin or cryptocurrencies, please consider this as a major warning sign and caution.

Prices may drop very quickly when people realize what is actually happening with the Dollar ). By reading this, you are already ahead of them (.

In general, it seems that taking profits from long-term investments and half of the capital insurance ) in gold and silver ( when the price of gold was around 4150 Dollar and silver above 50 Dollar was a great idea.

When the US Dollar Index finally confirms its breakout above the 100 level, things will get really interesting, and many pessimists about the US Dollar will be greatly surprised by the outcome.

Speaking of monthly performance, the month of October has just ended, and we can see that we have already witnessed a strong monthly reversal )!( for gold in the target area I mentioned on October 16. This fully supports all the points I mentioned above.

In short, gold has seen an amazing rise, as has silver, but it seems that this rise has come to an end. Fortunately, this presents unique opportunities.
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Before00zerovip
· 11-03 20:16
Bitcoin reached its all-time high at the beginning of last month, where it hit around 126,000 Dollar. Since then, its price has declined significantly, as it is now trading at less than 14% of its peak.
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