Hello Everyone!
Our last premium Bitcoin newsletter was all about “How the Cycle Works”. If you haven’t read it, I highly encourage it! It explains the cycles as I understand them in depth.
At the beginning of September, our newsletter asked the question, “What Will September Bring?”
The cycles did not disappoint:
Here is what I said:
“Blue Year September price action has been very consistent. There is a sprint up early in the month followed by a correction that takes us to a higher low later in the month or in October.”
I then outlined some rough expectations using the Magic Bands:
Here is what I said about this chart:
“Take the price targets with a grain of salt, but this is about what I think is next for us.
Septembers as I showed in previous Blue Years have the early increase followed by the reset to a lower high. The September moves on the chart give you an idea of what this would look like.”
And aside from price target discrepancies as I prepared for, cycles have brought the exact same price action they have in every September Blue Year. A recovery, followed by the formation of a higher low in late September or October. Prices as of writing are now on the rebound at about 65.6k.
But now we’re getting into the end of the year, a time that was extremely bullish for price in 2023.
Will the same be the case this year? That’s what this newsletter will be all about, outlining what to expect going into late Blue Year, and starting early Red Year on November 28th, 2024.
Let’s jump into today’s newsletter!
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This Newsletter Will Cover…
Market Psychology - The Herd Will Herd
Data Analysis - Up
What Should You Do?