Strate𝔾 Update - Week 16 | Q2 | 2024
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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News of this week
Jerome Powell, the FED Chair, notes that recent data reveals a stagnation in inflation progress.
A Federal Reserve representative hints at the possibility of delaying interest rate cuts until 2025.
BlackRock asserts that Bitcoin stands as the most extensively embraced digital asset on a global scale.
The Bitcoin halving event concludes, marking an official milestone in its ongoing development.
Tweet of this week —> “Reflecting on the recent $BTC (lack of) movement, it's clear my anticipation of a pre-halving peak didn't align with market dynamics.”
Current status 100% Winning strategy: 🔵—> ALL-IN
Bitcoin
Time has come to face reality after price did not pump to around $220k in last week.
Does it change the structural setup or expectation for a quick parabolic continuation? No. The invalidation for that remains at $32k.
By the Elliottwave channeling method the technical target keeps growing over time as it aligns with the upper blue trendline.
