TechDev Newsletter - Market Update Issue #45

3 Scenarios for the Rest of 2024 - and Why Next Leg Looks Imminent

The subtitle should say it all for today.

After the usual short-term Bitcoin update, I will dive into the scenarios I see for what comes for the rest of the year.

I very much intended to share only 2 scenarios. To breakdown each in detail with supporting wave counts. I expected it to be a battle between 2 impulse tops and a corrective high like Nov 2021.

I wanted to share my detailed strategy for how I would scale out everything into the first top and get ready for the second.

But then I spent hours (and more hours) diving into the liquidity cycle and technicals, and a 3rd scenario has emerged. One that has forced me to dramatically adjust my scale-out plans and put further effort into wave counts.

The biggest lesson 2021 taught me: consider all top scenarios and have a plan for each. Do not lock yourself into one thesis.

So, I’ve had to make an adjustment to the planned newsletter scopes. This week I will share the liquidity cycle analysis and the 3 scenarios it has led to. I need more time to redevelop my strategy accordingly. Next Market Update Issue I promise to share it in full, along with more details behind the Bitcoin technicals of each scenario.

No scaling out should begin for me until July at the very earliest, so there is plenty of time.

Regardless of scenario, one thing is clear to me: the next market leg appears imminent. I will share evidence why.

By popular demand, I will also present analysis additional analysis on the microcap meme shared last week, and why I find it compelling. I will be sharing this analysis publicly, but as members you’ll see it first.

Today’s topics:

Bitcoin

• Short-term Update

• Liquidity Setup

• 3 Scenarios

Altcoins

• Clear Macro Setup

• Why Next Market Leg Looks Imminent

• Update on Microcap with 500x Potential