Strate𝔾 Update - Week 7 | Q1 | 2024
"To truly grasp the exponential growth potential, one must embrace the spirit of a moonboy during blow-off rallies."
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
Strate𝔾 Channel update January: LINK TO YOUTUBE
Key take aways
Net inflow to Bitcoin ETFs doubled this week to +92,203 Bitcoin.
Bitcoin is starting to follow the blowoff top playing out for stocks.
Both S&P 500 and Nasdaq-100 went sideways this week but maintained the high levels of previous week.
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
Bitcoin halving is just 10,000 blocks away.
Franklin Templeton, a $1.5 trillion asset manager, applies for a traditional #Ethereum ETF.
US inflation drops to 3.1%, surpassing forecasts. This reduces the chance on Fed rate cuts anytime soon and hence moving forward the next recession a bit. This provides breathing room for a blow-off top for stocks, crypto and other risk-on assets.
Bitcoin's market capitalization surpasses $1 trillion once again.
A Federal Reserve Governor expresses concern over banks holding significant quantities of crypto ETFs.
The net increase in Bitcoin ETFs amounts to an acquisition of +92,203 Bitcoin (as of 15-feb) —> data
Tweet of this week —> “$SOL [1W] - I believe this crypto won't see ATH's this run.”
Current status 100% Winning strategy: 🔵—> ALL-IN
Bitcoin (BTC)
Bitcoin's has breached the 78.6% Fibonacci level on the monthly chart, for the first time before the halving!
An upward surge towards the $200k range prior to the halving appears increasingly imminent. The pointing hands indicate similar occurrences during previous bear market recoveries, notably all of which were after the halving.
