Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! Dear Reader Latest Market Brief 16th Dec 2024 Tesla $460 - I sold a big chunk today now down to 11% invested, 2.7% of portfolio, Fomo mania in msm and twit land, I"ll probably have sold 80% by 500! I remember when I bought huge at $166 those who followed were soon crying because it continued to fall to a low of $139, that's the thing, one does not want to try and buy THE low because you won't! At THE low you'll think THE low is much lower. Now folk wish they could turn back time and buy at $166 just as I said they will wish they could in the not too distant future. How to time travel will be a topic in my next article �� Bitcoin $107k - Patrons asking if I am going to revise my Bitcoin forecast, No my view remains unchanged as of Oct 2023 - $134k primary target as of $27k by which time I will have sold about 80% of my bitcorn. October 2023 - Last Chance to Get on Board the Bitcoin Crypto Gravy Train - Choo Choo!
Back in Nov 2022 the target was $100k from $16k.
Beyond 134k depends on FOMO MANIA where I can see a bull trap being laid upto $162k though I'm not going to stick around to find out! Intense FOMO mania in the run up to President Pump taking office which is why I refer back to my forecasts as fixed points in time, immune to the subsequent FOMO manias that induce ever higher targets. Alt coins should continue to out perform bitcoin over the next 2 to 3 months. MSTR is stoopid. All they do is buy bitcoin REGARDLESS of the price! Michael Saylor is the Cathy Wood of crypto! Looks like a genius when going up but the collapse will be inevitable! In the meantime MSTR as expected has continued to under perform bitcoin since it's blow off top to $550. Meanwhile Trump and Son have accumulated over $1 million of crypto chainlink. Current $30, 3Xd vs 5 weeks ago, could 2X once more, back at time of crypto gravy train it was about $7. Pump presidency will be all about Make Trump Family Rich Again! Don't be under any illusion just because I am riding the crypto FOMO trains towards 5-10X's I also at the same time consider Bitcoin as being the mother of all Tulips where one day (don't ask me when) it will be worthless! S&P 6080 - The bull market continues, a year ago S&P was 4400! A year from now it will probably be well above 7000, yes there will be corrections i.e. we will likely be due for one by the time Trump takes office north of 6200, could even go nuts to something like 6500! AI Primary stocks what's cheap and what's expensive. Spreadsheet Columns - R,S,T, W and X lead the way. Cheapish Expensive Chernobyl Meltdown Red Hot Whilst AMAT sits at the top of it's buying range. AMD illustrates it's a lot easier for a stock that's gone from $60 to $230 to next go to $130 than $330..... think about what that means. I'm now 107% invested up from 30% invested by the time AMD topped at $230. Patrons voted, so next article will include a look at Gold and Silver. True bravery https://x.com/RyanRozbiani/status/1868023156553998441 My most recent analysis - Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks $100k Barrier CONTENTS 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 it rises to $10 per month for new sign-ups in the New Year. https://www.patreon.com/Nadeem_Walayat. Recent analysis includes - Stocks, Bitcoin and Crypto Markets Get High on Donald Trump Pump 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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Tuesday, 17 December 2024
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues!
