The Weekend Crypto Forecast
Weekend of 5/10/24
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Theme Card: Seven of Pentacles
Last week gave the Six of Coin and now we get the Seven. As you. may guess, this looks like a series that will result in continuation.
The charts look like crap, and this card can skew bearish, but last weekend was a nice grind higher, so maybe we get the same here.
This card also tells us that it’s not time to harvest yet. We’re almost there, but we must remain patient. Profits will come.
Friday Night: The Tower
Last Friday the Star. This Friday the Tower. It seems like Friday nights are made for Major Arcana.
The Tower usually topples after being built on shaky ground, but as you can see, we haven’t built much aside from lower highs and lows.
This could activate the alternate/flipped energy of this card, which leads to a massive rally that defies gravity and inspires euphoria. It’s dangerous to chase this, but it can lead to quick profits.
Saturday: Seven of Swords
It’s starting to get a little eerie now. Majors on Friday, Sevens on Saturday (last Saturday was the Seven of Cups). This card indicates bullying and traps. Friday might set up a trap, regardless of The Tower’s direction.
This will also lead to trappy price action that bullies the person on the wrong side of the trade. Think of stocks this week when bear traps kept getting reversed and then punished those who didn’t close the trade.
Sunday: Wheel of Fortune
If Saturday triggers a trap, then Sunday triggers something similar in the form of mean reversion.
This can also lead to wild price action intraday that tries to trick people out of their position.
We’ll talk about next week’s cards shortly, but the energy of the Wheel can persist for some time, so be wary of trying to trade against it on Monday.
Next Week
Crypto takes a break and opens yet another window of weakness. There’s lots of dark energy throughout the week, including the Devil on Tuesday.
Stocks see the culmination of a trend that completes on Friday, which suggests a major pivot. There’s lots of energy here too.
More details will be posted on Substack, X, and Instagram throughout the week. Follow on social if you haven’t already.
As always, we’ll have the full write-up delivered on Sunday. Use the button below to sign up and receive a copy.
Recap
Friday trend into mean reversion Saturday and Sunday.
That’s it for now. Have a great weekend!