TarotTrader Weekly Markets Forecast
Your Guide to Crypto & The Stock Market for the Week of 3/11/24
Crypto
Theme Card: Three of Pentacles
Last week’s theme was the Six of Swords, which hinted at a pivot that could take us to happier places. Now, we’re going from 6→3, which could hint at a move back to where we came from.
This card appears near the beginning of a journey when it’s time to collaborate and build a plan. In the event that it’s not bearish, it says we’re going to chop around a bit. In the event that it’s bearish, we may return to early March lows. Let’s see.
Monday: The Emperor
This is Major Arcana and therefore packed with Energy. He usually appears in order to restore order and bring prices back under control. We may have seen a hint of that last night when prices took a nosedive, but with $BTC and $ETH setting new range highs, there’s a lot of work to be done.
This card is negative historically, so I wouldn’t expect a day full of insane rallies. Instead, I’d cautiously sell rallies.
Tuesday: Knight of Pentacles
We had this card over the weekend and the gist was a slow build to a decent rally and then fade. Knights almost always lose steam halfway through the day.
This card is positively historic though, so we’re buying dips here and looking for a quick bounce. Just don’t get trapped in the fade.
Wednesday: Seven of Wands
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