Common Sense for Uncommon Markets
By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are my own & do not represent those of Digital Wealth News or any affiliates. Any financial advice included in the column is for entertainment purposes only.
Bullish for week of 4/2/24
Neutral for week of 4/2/24
GOLD [ BTC [ ETH
Bearish for week of 4/2/24
S&P 500
4/2/24 Closing Prices :
BTC: $66,048.93 | -5.3% | (Tue-Tue)
ETH: $3,276.96 | -8% | (Tue-Tue)
Gold: $2,255 | +4.6% | (Tue-Tue)
S&P 500: 5,205.81 | +0.01% | (Tue-Tue)
I AM HAVING HAND SURGERY TODAY SO THIS WILL BE VERY BRIEF.
The following is being generated by AI. NOT, repeat NOT, artificial intelligence. Nope, rather……..AI (AMAZING INTELLIGENCE).
BITCOIN is getting some profit taking. Long term bullish ($95K), short term neutral….may see $50K
ETH will follow. $4,500-$5,000 LONG TERM, short term neutral…..may see $2,800-$3,000
GOLD. I have been neutral but it is breaking out to the upside. Be careful but $2,450-$2,500
S&P 500. There is a HUGE trap door under the index. Be prepared for a HUGE drop. Be short (a little or a lot) or be left out.
See you all next week.
HERE IS A VERY VERY SCARY SCENARIO THAT KEEPS ME UP AT NIGHT. LONG SHOT, BUT OH MY. THE 2024 U.S. ELECTIONS WILL NOT BE HELD. CITING A POTENTIAL FOR ELECTION CHAOS AND VIOLENCE, THE GOVERNMENT DECLARES MARTIAL LAW AN PUTS ELECTIONS ON HOLD. GREAT FOR GOLD AND BITCOIN. STOCK MARKET WILL CLOSE. MY NIGHTMARE SCENARIO.
(IThis was originally posted on my 3/26 report – I have decided to keep it for this week as well)
2024 TARGETS:
- BITCOIN 2024…….UP……New highs above $70K (winner……..now $95,000)
- ETH 2024…………UP……..New highs above $3K (winner….now $4,800)
- GOLD 2024……….$1,800-$2,200
- S&P 500 2024……..??????????
Current trading positions:
- LONG BITCOIN
- LONG ETH
- NEUTRAL GOLD
- SHORT S&P 500
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
