April 2024 - HOT April Trends for that Million Dollar Edge (Paid Edition)

PREMIUM NEWSLETTER FOR PAYING SUBSCRIBERS (Released every Thursday).

Fast brief (TLDR) -

1. Market cools as halving nears

2. Wyckoff Pattern suggest Bitcoin’s run is over until June

3. The halving and the 2025 pathway. Wyckoff vs standard correction and underlying drivers.

4. Four Real World Assets (RWA) we have our eye on

5. The Hidden Signal in BlackRock’s push toward RWA’s

Happy hunting!

—----

Welcome to Bitcoin halving month!

In this edition I’m going to hyper focus on the Hottest Trends right now that I think every investor needs to be across

But first, the SLOWDOWN

I want to cover some quick market thoughts before cracking into the HOT stuff

It sure looks like the market is cooling, and yes, I couldn’t be happier! I’ll explain why a little later.

Immediate UP-ONLY ETF flows have slowed, and GBTC outflows + Long term holders are sustaining the sell pressure on the market

This should put us all on guard for a period of price consolidation

Think of it this way - the market is now digesting acceptance of a $60k - $73,000 Bitcoin.

It needs to show us that these levels are sustainable for buyers and sellers. That will take time.

On the flipside, if you’re solely focussed on the LONG GAME, then it’s a one way train.

The 9 new ETFs have acquired more than Grayscale (GBTC) and boast a stunning 506k Bitcoin hoard after just 2 full months of trading

We also have new ETFs opening in Hong Kong and London Soon.

This leads me into my FIRST HOT TREND

A well known pattern is suggesting Bitcoin’s run is over until June

Did I say a trend should be positive? Sorry, I should have warned you.


This week I did a harmless thought experiment on Wykoff patterns after a question emerged in our Mastermind Bi-weekly session…

“If a top is developing here, what would it look like?”

What is Wykoff? It is a theory, named after the man himself, that outlines phases of price trend marked by periods of accumulation (bottoming) and distribution (topping).

Four distinct phases comprise the cycle: accumulation, markup, distribution, and markdown.

Wykoff nailed the 2021 double top, while on the flipside, the 2017 top was more a classic blow off 

In any case, we’ve seen Wykoff accumulations (Bottom) and distributions (top) appear time and again on multiple time frames so it is worth exploring

See the results when I overlaid a classic Wkykoff distribution on current price action below…

Subscribe to Premium to read the rest.