March 2024 - MEME COIN MANIA fires the starting gun on the Crypto Bull Market (Paid Edition)

PREMIUM NEWSLETTER FOR PAYING SUBSCRIBERS (Released every Thursday).

Fast brief (TLDR) -

1. 2020 showed that VOLATILITY under new ATH shouldn't scare investors

2. Meme Coin mania starts the bull market 

3. The Data showing Retail is here 

4. The INSANE Bitcoin Dominance Chart suggesting altcoins are about to POP.

5. Time to focus on ETH


Happy hunting!


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Most investors and onlookers are in shock

Bitcoin is putting on a clinic. Reaching a new ATH in US Dollars overnight and also breaching $100,000 Australian Dollars this week

A supply and demand crunch like no other

In a nutshell: A finite asset with a dwindling circulating supply is being systematically acquired by the largest asset managers on the planet for their clients.

The higher it goes the more reflexive it becomes, meaning: Number Go Up Technology will drive even more investment from the likes of Microstrategy etc. because of the success of number go up…

BlackRock is not messing around. They continue to smash all records with their biggest haul coming just under $1 Billion USD in a single day

They now own a staggering 0.87% of the total Bitcoin supply in under two months

Now let’s talk about that All Time High and what comes next

As I logged into Twitter (X) yesterday morning to see that Bitcoin had touched the 2021 All Time High of $69,000 …

Twitter was not euphoric, it was instead doom and gloom

Huh?

Bitcoin had been knee-capped by 15%, dropping below $60k, reminding everyone who partakes in this market that dips still happen

Remember, everyone…Volatility in the All Time High overhead supply region is NORMAL.

Meaning, this is a key pivot point on the chart and it is where we can expect some shenanigans by whales with big pockets looking to dump on overzealous leverage traders

It’s a good time to go back and look at the market behaviour in 2020 as we approached the 2017 ATH before the ensuing bull market

In 2020 - Bitcoin was thrown 17.5% from the old all time high supply band.

“Dip buyers” swiftly stepped into the breach and had another go before bleeding out for another two weeks until finally breaking the ATH conclusively

This behaviour is fairly typical for Bitcoin, so patience is required. 

The moral of the story is to strap on your armour and don’t overtrade this region.

Once through $69,000 ($70k and above) Price will accelerate.

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