Future

Solana

Bitcoin

Swing

<p>According to an analysis by Jason Pizzino of The Investor’s Accelerator, November 2023 is proving to be a bullish month for both the stock market and Bitcoin. Pizzino provides an in-depth technical and trend analysis to support his predictions.</p> 
<h2 class="wp-block-heading" id="strong-sp-500-and-nasdaq-breaking-out-strong"><strong>S&amp;P 500 and NASDAQ Breaking Out</strong></h2> 
<p>The S&amp;P 500 and NASDAQ have broken out of an accumulation range formed over the past several months, with Pizzino noting <em>“We’ve broken out of our accumulation range, we’ve touched that range, nice higher closes, and the move is pushing on from there.” </em></p> 
<p>He points to the higher volume on recent lows as evidence of strength, saying <em>“Nice volume has come through on each of these lows. You can see the lows form here for the S&amp;P 500.” </em>Pizzino believes this indicates smart money has been steadily buying into the weakness, explaining <em>“Every time these markets come to a significant extreme crisis, the smart money has been buying up.”</em></p> 
<p>Overall, Pizzino sees the technical patterns as bullish, stating <em>“The charts are telling us what the market wants to do next; it is telling us there is strength in the market.” </em></p> 
<h2 class="wp-block-heading" id="strong-bitcoin-continues-its-rally-strong"><strong>Bitcoin Continues Its Rally</strong></h2> 
<p>Bitcoin is having an impressive year in 2023, already returning 121% year-to-date according to Pizzino. He expects Bitcoin to finish the year strong, predicting <em>“Bitcoin returns have been green this year, 121%. We’ve got roughly six-seven weeks to go of the year, I suspect this is going to be a green year.” </em></p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="699" src="https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-1024x699.png" alt="" class="wp-image-381523" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-1024x699.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-1536x1048.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-2048x1397.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-513x350.png 513w, https://captainaltcoin.com/wp-content/uploads/2023/11/Bitcoin-chart-788x537.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em><strong>Source: <a class="thirstylink" rel="nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p> 
<p>Pizzino also notes bullish signals forming in Bitcoin’s price action, explaining <em>“We’re seeing very very good signals that the lows are forming in these markets.”</em> He believes the indicators are more telling than media FUD, emphasizing <em>“The market is telling us something absolutely different, regardless of what the media has been telling us about inflations and money printing.” </em></p> 
<p>To analyze Bitcoin’s trends, Pizzino utilizes a custom indicator called the Gann Swing Indicator, stating <em>“I’m using the Gan swing indicator… it’s a custom indicator that we have created here.”</em> He sees Bitcoin in the final stages of reaccumulation, noting <em>“We’re in the third and final reaccumulation level underneath that 50% level.”</em></p> <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/MZlYa4-PjYY?si=hNUcMfl3jA7L4se9" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
<h2 class="wp-block-heading" id="strong-cautious-optimism-advised-strong"><strong>Cautious Optimism Advised</strong></h2> 
<p>While the technical outlook is bullish, Pizzino recommends a cautious approach, quoting Warren Buffett: <em>“Be fearful when others are greedy, and greedy when others are fearful.”</em> As the markets peak, he advises being selective and avoiding irrational exuberance.</p> 
<p>Pizzino sees November 2023 as an opportune time for both stocks and Bitcoin, but suggests a studied approach focused on market trends over predictions. His custom Gann Swing Indicator points to accumulating strength headed into 2024. For continued coverage, he encourages viewers to subscribe to his channel.</p> 
<p>Read also:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/solana-bullish-as-sol-reaches-60-first-time-since-may-but-an-initial-retracement-to-this-level-is-possible/" target="_blank" rel="noreferrer noopener">Solana Bullish as SOL Reaches $60 First Time Since May, But Initial Retracement to This Level Is Possible</a></li> 
 <li><a href="https://captainaltcoin.com/this-btc-indicator-makes-it-incredibly-easy-to-know-if-bitcoin-is-in-a-bull-or-bear-market/" target="_blank" rel="noreferrer noopener">This BTC Indicator Makes It ‘Incredibly Easy’ to Know if Bitcoin Is in a Bull or Bear Market</a></li> 
 <li><a href="https://captainaltcoin.com/analyzing-future-prospects-roe-xrp-and-sols-potential-for-market-growth/" target="_blank" rel="noreferrer noopener">Analyzing Future Prospects: $ROE, XRP, and SOL’s Potential for Market Growth</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/crypto-analyst-pizzino-believes-bitcoin-btc-indicators-are-more-telling-than-media-fud-but-theres-a-catch/">Crypto Analyst Pizzino Believes Bitcoin (BTC) Indicators Are More Telling Than Media FUD – But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Crypto Analyst Pizzino Believes Bitcoin (BTC) Indicators Are More Telling Than Media FUD – But There’s a Catch

Table of Contents

CaptainAltcoin

Other articles published on Nov 20, 2023

AXS Coin Analysis: The Investors are Back with Heroic Entry

XRP, BTC, ETH, ADA, SOL Funds Attract More Inflows: Report

Proof of Security Summit’23 – India by SolidityScan

Federal Reserve's Interest Rate Hikes Spur Investor Confidence in Bitcoin

XRP Price Correction Is Over, Targets Set By Top Crypto Analysts

Microsoft Grand Scheme with OpenAI Masterminds, What To Expect?

Join our free newsletter for daily crypto updates!