A brief update to end a slow week in the market. Everything is right in line with the forecasts I put out earlier this week.
I still expect higher prices ahead but watch out for divergences to start forming.
For alts we have had an expected pullback after both BTC.D and ETH/BTC tagged key levels. As I have been saying, I see a bottom forming here at the end of the week.
This is just a normal correction in time with plenty of upside ahead. You’ll see why that is when we look at our holdings.
Otherwise, there were a few key developments to take note of. One being the resurgence of the meme stock craze. This is all happening exactly 60 months from the GME run. To me that is just another signal of where we are in the cycle and where this market is headed in the coming months.
