I did relay the spot at which I think #bitcoin is at way back in September 2023 just a few days after the 5 waves within C of the wave 2 correction.
In theory $btc is now in a micron core 3rd wave. This is the part where #bitcoin takes out the highs.
I'm still looking for invalidation of this count I'll keep you posted CKC 👍
@AustralianJA Saw a screenshot of this post online and thought it had to be fake. And here we are 🤣
Imagine if the Islamic Council posted something like this. Cronulla would be invading Punchbowl now.
My Top 13 Forecasts For 2024 🔥
I think most can agree that there is far less uncertainty and extreme fear of the markets collapsing now than there was at the end of 2022 and in the 1H of 2023 when I posted my first Forecasts on Twitter/X.
With that in mind, I think there are fewer “unpopular” opinions and more of a sense of “when” will markets top as opposed to when will they collapse like the feeling of 12 months ago.
So, I’m going to direct 2024’s Forecasts towards price support which will hold the market up and continue the bull market. This will be in direct contrast to the doom-sayers, fear-mongers, and outright nonsense analysis of the popular “pro traders” and social media influencers of today.
Time will tell whether the forecasts will be accurate or not and are not designed as “Financial Advice” but rather an experiment for the 12 months ahead in the markets.
Lastly, the forecasts are designed to encompass all of 2024 (and some into 2025). I’m not looking a few months into 2024, but rather the entire year at a minimum.
So enough said, let’s forecast and have some fun!
Unpopular Opinions of Top Financial Issues in Late 2023/early 2024 - My Biggest Forecast for 2024:
1. Interest Rate cuts/pauses/hikes will NOT collapse the markets
2. The bearish inflation narrative will die out
3. Recession or no recession, markets will likely close higher
4. Bitcoin won’t trade below $25k
5. Bitcoin will close higher than it opened (above $42k)
6. US Stock Markets won’t trade below Oct 2023 lows
7. Banking Crisis lows (Mar ’23) won’t be broken this cycle
8. No “blow off top” in 2024 (for Indicies or BTC)
9. US Stock Markets will close higher
10. More bullish sentiment enters all markets in 2H (WSCS: “Hope & Optimism”)
11. Real Estate (US, Aus, UK,) will close higher
12. Strong #Crypto projects will outperform #Bitcoin
13. #ETH will outperform #BTC and close higher than it opened
-Bonus- 14. More bearish narratives will come and go and the Wall of Worry will continue higher:
eg, geo-political risks, crypto crackdowns, bans, lawsuits, stablecoin depegs, wars, China slowdown, household debt, household savings, home sales, new build starts, housing affordability, deflation, M2 Money Supply, CPI, PPI, etc, literally almost anything macro that fearp0rn accounts reference, just fade it… lol
Here’s to another fantastic year in all markets; #SP500 #NASDAQ #RealEstate Bitcoin and Crypto!
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