Right on Target

In our last few updates I projected paths, buy zones, and targets for Total Cap, ETH, and BTC as well as Equity Markets. Almost all of those hit in the past week with an impressive level of accuracy. I’ve spent the last few trading days peeling off positions and raising cash, as the markets across the board look overbought and at risk of a correction. One of my main picks from back in the spring, $WULF also completed it’s move to target, putting in a staggering 350%~ return from our original posted buys. In times like these, raising capital, and taking a breather is always wise.

I showed the potential path on the simple Total Cap chart. It’s followed to a T with an exciting breakout to new all time highs and into our red target box around $4.2Trillion. We’ve hit that, and put in a weekly TD9 as well as a divergence, so for now I consider this market vulnerable to further correction.  

ETH hit my target around 48xx in the red box. For now it’s in “no man’s land” and risk is to the downside. A test of $3900-$4000 (green box) would be a BUY.

In my last S&P update, I was hoping for a 6150 test to get a nice buy. We didn’t get that low and shot up again on news, with the market beginning to price in rate cuts on soft inflation data. While we could keep rising, the RSI divergence on the daily chart isn’t a positive sign, and if S&P falls below 6400~ support, it could head down to the 6150~ zone for major support and a potential buying area.

I also emphasized a potential 112k correction and buy zone on BTC back in July, we hit that, rallied hard, and are now in bearish chop.

Before:

After:

This was an extremely precise call, and we now have the potential to setup a move to 128k~ and higher in the coming weeks. I do think we may need some digestion/chop first however.

One of my darlings and personally my largest position finally delivered. In my April newsletter I recommended buying TeraWulf $WULF, which is a crypto miner, but also a major player in the AI data center industry, which has a key contract with a nuclear facility which gives it access to incredibly cheap, clean, and consistent power. Google took notice and raised it’s equity stake to $3.2 Billion, owning close to 15% of the company. My final target on this is around $16… However, I’ve sold two-thirds of my position. A 4.5x return is not something you want to fumble… Hope you enjoyed 😊

In my last newsletter I made one of my best calls to date since starting to publish. I called the EXACT bottom on $UNH and gave you some interesting criteria as to why…

While most of twitter was left hindsight investing, I made it clear that the move was likely, sniffing retail capitulation through the volume spike. Within days, David Tepper, Warren Buffett, and Michael Burry’s funds all announced major positions. The trade I posted on twitter? It went over 2000%. If you’re ever looking for intraday updates, I highly recommend following me @WLinvestment and turning on your mobile notifications.

The altcoin space has been exceedingly frustrating, however I like the looks of TON, this is the coin run by telegram. With a beautiful TA setup and a userbase estimated at 1 Billion monthly active users, this token is very undervalued.

TLDR;

1. Risk is to the DOWNSIDE, market is vulnerable here for the next two weeks – Raise cash and tread lightly

2. Chinese equity is an opportunity for an aggressive trade (KWEB, BABA)

3. Bonds are beginning to look attractive, particularly shorter duration <5 years.

Trades:

I have sold 70% of my WULF position for ~4.5x, and am 60%+ cash.