This is what we will be covering today.

Let’s start with the stablecoin dominance.

This is important as it can help us determine how many traders are fleeing from crypto into stables or fomoing back into the markets.

In the chart below, the stablecoin dominance dropped below the blue cloud, which is a bearish trend for stables,

but bullish for crypto.

This means investors and traders are more likely fomoing back into the markets as they are sidelined.

BTC surprised many traders and investors, which was obvious on crypto Twitter since bearish tweets and threads had more reach.

BTC tends to rage pump much higher, as many investors are caught off guard.

Luckily, the fake ETF news gave me a heads-up that the probability of a bullish move for BTC was high.

The weekly trend is neutral inside the Ichimoku cloud. A break above the red cloud would turn the weekly trend bullish.

The next resistance on the weekly chart is $42k.

The VMC indicator gave us a heads-up with a bullish buy flag at the beginning of October.

On the 3-day timeframe, there is a possibility that BTC retraces to $31k.

The question is, how many investors are sidelined?

If many investors are looking to long BTC, then BTC might not even reach that support.

Either way, you should only look for longs on the 3-day and daily timeframes, not short.

Only trade with the trend.

You can start thinking about making a profit when BTC approaches the second overbought level, and red-selling diamonds appear.

As we close out October, it's time to examine the month's returns to see how favorable November might be.

November should be a pretty bullish month.

If we look at the trend continuation 6 times out of 10, the trend continued the same as in October.

If October was green, there’s a 60% chance that November would also be green.

Let’s hope we have a November like in 2013.

In 2013, BTC surged 449% in November.

The bullish divergence I shared in the last market analysis played out. You can check for yourself here.

On the weekly timeframe, ETH still has a bearish trend.

There might be a bullish edge-to-edge move if ETH enters the cloud.

But that can take some time to happen.

Most likely, BTC will move first.

On the 3-day timeframe, ETH is about to turn bullish.

But that’s only if it manages to stay above the cloud.

A bullish BTC might mean that traders move from ETH into BTC.

At the present moment, BTC appears to be a more promising trade than ETH, which typically experiences a surge in value later.

Fresh wallets have been accumulating $ILV. 0xSerPablo is a good friend of mind and one of the best analysts in the space.

He shared this info with me and on Twitter.

Most people won’t take notice.

ILV is at a very interesting price point. It’s not the best price compared to the lows of September ($38) and the seed round investors.

But it’s still a good price point when you compare ILV to the all-time high price of $ 1,911.

Now it’s -97%.

Furthermore, the bullish divergence is apparent. Smart traders like the above have already started taking notice.

ILV entries can be found between $38 and $50.

This is a longer timeframe trade.

Here are some of my best-performing threads from October.

Just in case you missed one of them.