Stock & Crypto Markets Going into December 2024
Dear Reader It's your lucky day, you get access to my most recent market brief - Stock & Crypto's Market Brief 1st Dec 2024 - (6pm UK Time) Folk keep messaging me that Bitcoins down, Solana's down, Doge is down and if they are now a good buy, I reply "dude you're a year late to the party!" Stocks and Bitcoin take a breather as alt coins pump hard into December. S&P 6032 on course for a bull run into January to north of 6100 with my big picture target for 2025 of 7200 to 7800. BTC marched all the way to $99.9k, all but fulfilling my expectations of 2 years ago to target a trend to $100k before the end of 2024 when Bitcoin was trading at $16.5k, virtually at the very bottom of the bear market (https://www.patreon.com/posts/stocks-analysis-75218863).
Next objective on the menu was to trade to $134k by June 2025 as of October 2023 (https://www.patreon.com/posts/last-chance-to-91691207).
However, making paper gains is the easy part, the hard part is to exit the crypto casino with ones winnings, instead the casino will want you to keep adding more and more and more and more all the way into the top and then add even more during the drop that will always be a buying opportunity because of course this bull market is only just getting started given that Bitcoin is heading for $1 million, DOGE to $10 and so on..... Why you selling dude? You are so early! That's how it will go for most.... CRYPTO EXIT STRATEGY 1. WITHDRAWN $ amount they originally used to buy crypto's with from accounts and not even think about adding fresh cash to accounts. 2. Have banked at least some profits. Each time crypto's trade to new bull market highs more sell limit orders get triggered. 3. Have limit orders in place to continue to scale out, leaving approx 10% without limits to ride up and probably all the way down. And that's how one wins at crypto's. The bottom line is this, just as one had to get the job done to accumulate crypto's now folk need to get job done by exiting the casino, unfortunately most are infected with the hindsight virus which is why most will give back all of their paper gains. Stocks Portfolio Brief Capitalised on dip buying opps in Nvidia, AMD, ASML, AVGO, KLAC, AMAT, QUALCOM.... EGF's and other metrics updated, here's a quick look at the state of NONE AI stocks metrics. RDFN - Worsening - lower buy limits and earlier range sells Spreadsheet link - PATRONS ONLY ETA for my next article is before Tuesdays open will comment closer to time of posting. Your analyst binge spending some of my crypto profits on Black Friday junk including on a Bambu Lab P1S AMS to 3D print even more junk I can't buy! Nadeem Walayat For immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $7 per month, lock it in now at $7 before next rises to $10 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat. Most Recent Analysis - Stocks, Bitcoin and Crypto Markets Get High on Donald Trump Pump CONTENTS Recent analysis includes - Bitcoin Break Out, MSTR Rocket to the Moon! AI Tech Stocks Earnings Season Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! Stock Market October Correction Window Into Post US Election Rip the Face Off the Bears Rally Also access to my comprehensive 3 part How to Get Rich series - Change the Way You THINK! How to Really Get RICH Guide
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Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.
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Monday, 2 December 2024
Stock & Crypto Markets Going into December 2024
