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- Sama's Financial Astrology Newsletter Projections - Feb 2024
Sama's Financial Astrology Newsletter Projections - Feb 2024
Short-term pullback, or Bear Market Beginnings?
Sama Dharma
February 01, 2024
Pullback, or Bear Market Beginnings?
So what you might not know (especially if you’re American) is, China’s biggest real estate development company, Evergrande – just recently has been court ordered to pay up the $300 billion in debt that they’ve owed for years.
That’s just too much money not to have a depressive global effect on markets.
Does that mean the bull market is over?
No - it just has generally depressive implications for February.
Some sectors will do just fine this month. Let’s get into which ones below
Free subscribers: keep reading, you’re getting this month’s Bitcoin prediction for free because I feel it’s relevant to the timing of the last free bitcoin prediction I gave you in Nov/Dec.
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Predictions below!
P.S. - if you missed it: I did general financial predictions for all 12 zodiac signs in 2024. Watch it here
P.P.S. - My Financial Astrology Sectors and Stocks Report for 2024 (what I’m buying in the market, when and why) is available now.
Another reminder to keep your treasury or t-bill investments on a SHORT duration time frame (1-month or 3-month).
🙏
Sama's Financial Projections for the month of February 2024:
BTC: Pullback to 35k likely. Sideways ranging at best between 38k-45k in February.
Last month’s prediction: A move to 48k in January. A mid-month pull-back to 38k likely.
Nothing moves in a straight line in markets. I would like to see Bitcoin at least come down to 38k before moving higher. A scare in the news mid-month may be the trigger for that pullback move.
Bitcoin moved exactly the way we thought it would.
Quite aggressive algorithmic moves in both directions (48k and 38k) by the market to take money from both sides, just to stabilize back around 42k.
Hopefully as an insider of this newsletter, being informed prevented you from getting too excited on either direction in price.
Besides, if you have my 2024 report, you know all the big moves are coming in April.
All the buying and selling happening in the 42k area is actually a good thing structurally in terms of “market technicals”.
Think of it as the market creating a sort of base before going higher.
This is why it was good to see Bitcoin come down to 38k.
So, do we push higher next?
Bitcoin has failed for weeks in a way to me that resembles a bunch of bullish traders getting trapped.
At the end of 2023, I told you it was likely Bitcoin revisits the 32k area before pushing higher and continuing through with the bull market. Bitcoin at that time continued with it’s bullish momentum and did not visit the 32k area.
This month, particularly mid-month, although not guaranteed, is most likely.
If you see Bitcoin drop down to 35k in February, and then fall lower than that, it’s headed to 32k.
Extra astrological detail for BTC:
It looks like there will be a lot of talk about Bitcoin in the news and it’s impact in February.
The first half of the month looks more challenging than the second half.
With the New Moon in Aquarius (Feb 9): I see BTC’s chart showing new beginnings or fresh approaches in Bitcoin's partnerships and public relations, potentially bringing innovative strategies to the forefront. The days around Feb 9 are likely positive ones for Bitcoin
Then, Mars enters Aquarius (Feb 13) followed by a first quarter moon in Taurus (Feb 16) Which I interpret as bringing practical challenges related to Bitcoin's stability and likely price as well.
From the Sun entering Pisces on the 18th to the full moon in Virgo, I predict more clarity and positive opinion coming out of the week prior, which should make for more positive price movements in the 2nd half of the month.