Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024

By: Nadeem_Walayat

Bitcoin sets a new all time high of $69,000 before the exchanges pulled the rug on leveraged longs by dumping BTC down to 59,976 within a few hours of the high, job done and bitcoin is back to near where it was before the rug pull. Think about that for a moment, Bitcoin just dumped near $10k in a few hours and then recovered almost all of it! And this bull market is only getting started!

Unfortunately most folks have no idea of what is coming. Even just considering Bitcoin let alone the alt-coins most crypto investors are unprepared for what is to come. The amount of manipulation and volatility is going to be HUGE as the exchanges / insiders are going to EAT retail investors alive! It's not just mayhem in prices but even the biggest exchange CONBASE is already having TRADING BLACKOUTS just as the time when most investors need to log in and manage their positions so as to prevent losses or capitalise on moves, what does CONBASE DO? SHUTS their system down where their retail customers can't even see what their deposit is let alone manage their open trades, as the CONBASE bot's rifle through the frozen stops and limit orders to see how much they can take of customer funds, only allowing access once the job is done, this has happened TWICE in just ONE WEEK!

To get some inkling of what's to come lets take a look at the previous Bitcoin bull market.

Following the breakout to a new all time high above $20k there was huge volatility on numerous days with intraday swings of 10%+. I imagine every such day felt as yesterday (5th of March) as the exchanges wiped out leveraged players. You have to understand 10% is a move that wipes out both LONGS and SHORTS! And this bull market is only now starting to break to new all time highs thus suggests expect many more such moves, and you can double even triple that for the Alt coins!

You may think you are ready but you are not! A 10% crash every few days followed by a bounce back.

BE PSYCHOLOGICALLY PREPARED FOR DAILY 10% MOVES THAT GO NOWHERE!

In terms of trend Bitcoin is doing what I expected it to do which is to first target $61k, and then $71k+ by the halving which has caught the many crypto experts off guard as they had collectively convinced themselves that Bitcoin would be CORRECTING going into it's halving event i.e. the new all time highs are penciled in by most some months AFTER the having event. Whilst my view has been that Bitcoin will likely trade to a new all time high by the halving and that this bull market will likely be compressed in time i.e. it will move a lot earlier and further than most imagine which also means will top out a lot earlier with October 2024 sticking out as a possible top whilst the consensus are focused on the bull market running into the end of 2025 which presents a huge disconnect between what most crypto folks expect to happen and what actually could happen that we are getting an early taste of this week.

This article on how to capitalise on the Crypto Bull Market of 2024 is excerpted from - Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! which was first made available to patrons who support my work. So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $5 per month, this is your very last chance to lock it in now at $5 before it imminently rises to $7 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat.

Latest analysis -Stocks Correct into Bitcoin Happy Thanks Halving - Earnings Season Buying Opps

And gain access to my exclusive to patron's only content such as the How to Really Get Rich series.

Change the Way You THINK! How to Really Get RICH Guide 2023

Learn to Use the FORCE! How to Really Get Rich Part 2 of 3

The Investing Assets Spectrum - How to Really Get RICH

Here's what you get access to for just $5 per month -

※ Patrons Get FIRST access to all of my In-depth analysis and high probability Trend Forecasts, usually 2 full months before the rest of the world. Notified by Patreon by email as well as posted on this page and I will also send a short message in case the extensive email does not make it to your inbox.

※Access to my carefully constructed and maintained AI Tech Stocks Portfolio that is updated on an ongoing basis, that includes on going commentary and a comprehensive spreadsheet that features unique innovations such as the remarkably useful EGF's.

※A concise to the point Investing Guide that explains my key strategies and rules

※ Regular content on How to Trade & Invest  incorporated into most articles so as to keep patrons eyes on the big picture and net get too sucked into the noise of price swings.

※ Access to my comprehensive How to Really Get Rich series of articles, clear concise steps that I will seek to update annually and may also eventually form a Patrons only ebook.

※ Access to conclusions from my ongoing market studies from a total of over 200 conducted studies over the decades. updated whenever the market poses a question to be answered. Also enjoy the fruits of R&D into machine learning such as the CI18 Crash indicator that correctly called both the pandemic crash (Feb 2020) and the 2022 bear market (Dec 2021) well before the fact.

※Join our community where I reply to comments and engage with patrons in discussions.

※ I will also keep my Patrons informed of what I am currently working on each month.

※ Influence over my analysis schedule.

My objective is to provide on average 2 pieces of in-depth analysis per month and regular interim pieces of analysis as market briefs. So over a 12 month period expect to receive at least 24 pieces of in-depth analysis. Though my focus is on providing quality over quantity as you can see from the extent and depth of my analysis which I deem necessary so as to arrive at that which is the most probable market outcome.

So for immediate access to all my analysis and trend forecasts do consider becoming a Patron by supporting my work for just $5 per month. https://www.patreon.com/Nadeem_Walayat lock it in before it rises to $7 per month for new signup's.

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your crypto's accumulating analyst.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2023 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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.

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.