Strate𝔾 Update - Week 11 | Q1 | 2024
"BTC prints ATH for second consecutive week"
Please note that while I can provide information and insights based on my knowledge, it's important to remember that I cannot offer specific financial advice. #nfa
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Strate𝔾 Channel update January: LINK TO YOUTUBE
Key take aways
BTC prints ATH for second consecutive week.
S&P 500 prints ATH while large caps are seeing a correction —> Nasdaq-100 didn’t print an ATH, first time in 8 weeks.
Is Silver recession proof?
I'd love to hear your thoughts or any suggestions you have for this newsletter! What rabbit hole should be explored in the next release?
News of this week
Coming weeks I will look into assets
Bitcoin has outpaced the Swiss Franc this week, securing its position as the 13th largest currency globally.
VanEck has waived all spot Bitcoin ETF trading fees until March 31st, 2025.
The US Consumer Price Index (CPI) has surged to 3.2%, exceeding expectations.
A judge has ruled that Craig Wright is neither the creator of Bitcoin nor Satoshi Nakamoto.
Tweet of this week —> “Look at all of the doubt in the comments. Clearly the least expected path”
Current status 100% Winning strategy: 🔵—> ALL-IN
Bitcoin (BTC)
This week BTC printed a new ATH at $73.8k. A correction to test the highest previous weekly close followed (blue line in chart below). So far the test is successful as $BTC bounced exactly at this $65.5k level.
The chart above shows the weekly Bitcoin chart and contains the 2018-2024 bull market. The main Elliottwave count is as follows: