Market update (11/6/2024):
Bias:
Daily - Day 7 Downtrend (reversal) -> Day 26 Uptrend
Weekly - Week 8 Uptrend (continuous)
Analysis:
Trump has won the election and as expected, strong bid is here. I'm not here to talk about politics so I will stick to the market.
The indicator has flipped from a day 7 downtrend to a day 26 uptrend because of the strong move after the election was decided, this happens from time to when there is a large volatility event. The 69k wall has been broken and now the ATH wall has been broken.
I previously believed we would likely retest previous ATH levels again before moving higher. Technically we actually already did that last night overnight and not sure if it qualifies as that sharp pull back I had predicted yesterday. I believe almost every shallow dip will be bought with force and we will probably continue higher.
I believe some very depressed sectors such as defi will have a massive catch up bid and likely heavy listing spree on CEXes. I think pretty much everything else will also perform including memes, AI, RWA, and probably even games. However will this bid last before rotations? I tend to lean towards the old diagram
BTC -> Majors -> Applications -> Memes
Its possible that with the expectation of regulatory and institutional monetary support we return back to those norms as well the as return of old school whales who are here to rotate for more profits.
Actions:
If in stables, my suggestion is to buy majors or bitcoin. We are currently on day 26 on the daily uptrend, which is usually quite long in the tooth, higher than the median and at the average of all collected data of uptrends. It's quite likely we will pull back pretty soon and start a down trend. Being in majors will likely soften the blow. Why not just stay in stables? Because the upside for the remainder of this uptrend will likely be pretty high and the downtrend we get later will most likely still be at higher prices than currently and likely not that long in duration.
If already in the market, you are probably up substantially at this point. My suggestion is to simply hold and rotate to stronger and better performing coins during the pullbacks.
My usual strategy during bull markets is take profits into the best performing major and rotate into lower caps with promise. Rinse and repeat until you have alot of majors to dump at the top into stables then put a portion of that into a forever BTC bag in the bear.
We will on average have 12 to 18 more weeks of uptrending and don't see a reversal unless there is some bad news event, enjoy it.
Status: Inactive
Bias:
Daily - Day 7 Downtrend (reversal) -> Day 26 Uptrend
Weekly - Week 8 Uptrend (continuous)
Analysis:
Trump has won the election and as expected, strong bid is here. I'm not here to talk about politics so I will stick to the market.
The indicator has flipped from a day 7 downtrend to a day 26 uptrend because of the strong move after the election was decided, this happens from time to when there is a large volatility event. The 69k wall has been broken and now the ATH wall has been broken.
I previously believed we would likely retest previous ATH levels again before moving higher. Technically we actually already did that last night overnight and not sure if it qualifies as that sharp pull back I had predicted yesterday. I believe almost every shallow dip will be bought with force and we will probably continue higher.
I believe some very depressed sectors such as defi will have a massive catch up bid and likely heavy listing spree on CEXes. I think pretty much everything else will also perform including memes, AI, RWA, and probably even games. However will this bid last before rotations? I tend to lean towards the old diagram
BTC -> Majors -> Applications -> Memes
Its possible that with the expectation of regulatory and institutional monetary support we return back to those norms as well the as return of old school whales who are here to rotate for more profits.
Actions:
If in stables, my suggestion is to buy majors or bitcoin. We are currently on day 26 on the daily uptrend, which is usually quite long in the tooth, higher than the median and at the average of all collected data of uptrends. It's quite likely we will pull back pretty soon and start a down trend. Being in majors will likely soften the blow. Why not just stay in stables? Because the upside for the remainder of this uptrend will likely be pretty high and the downtrend we get later will most likely still be at higher prices than currently and likely not that long in duration.
If already in the market, you are probably up substantially at this point. My suggestion is to simply hold and rotate to stronger and better performing coins during the pullbacks.
My usual strategy during bull markets is take profits into the best performing major and rotate into lower caps with promise. Rinse and repeat until you have alot of majors to dump at the top into stables then put a portion of that into a forever BTC bag in the bear.
We will on average have 12 to 18 more weeks of uptrending and don't see a reversal unless there is some bad news event, enjoy it.
Status: Inactive
👍10❤5🔥1
Moonbags Markets pinned «Market update (11/6/2024): Bias: Daily - Day 7 Downtrend (reversal) -> Day 26 Uptrend Weekly - Week 8 Uptrend (continuous) Analysis: Trump has won the election and as expected, strong bid is here. I'm not here to talk about politics so I will stick…»
Have heard some feedback about posting more news and actually providing commentary on it. I will likely not do this on the main channel. However, feel free to post a piece of news in the group chat and tagging me for input, I am open to it.
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https://news.1rj.ru/str/+Ot7FuHDdkGY4MTkx
🔥3
I'm sure you guys remembered this post before I changed the format of this channel.
I think the odds heavily favor that btc dominance has topped when Trump got elected and we are entering alts dominance era.
I think the odds heavily favor that btc dominance has topped when Trump got elected and we are entering alts dominance era.
👏2
Forwarded from Moonbags Markets
Regarding the debate and political situation, I will simply break it down to markets
The key thing to watch is Bitcoin dominance imo
If we slowly grind up on BTC dominance going into election, it favors a Kamala victory as it would be a breakout when Kamala wins
If it giga pumps going into the election, I think it favors a Trump victory as it would be a pico top if he wins
If BTC dominance slowly bleeds into the election, it favors a Trump victory
If BTC dominance nukes into the election, it favors a Kamala victory
If it is truly sideways then I don't see an edge
Know your market participants, they will likely try to throw us off
The key thing to watch is Bitcoin dominance imo
If we slowly grind up on BTC dominance going into election, it favors a Kamala victory as it would be a breakout when Kamala wins
If it giga pumps going into the election, I think it favors a Trump victory as it would be a pico top if he wins
If BTC dominance slowly bleeds into the election, it favors a Trump victory
If BTC dominance nukes into the election, it favors a Kamala victory
If it is truly sideways then I don't see an edge
Know your market participants, they will likely try to throw us off
🔥5👍2
Market update (11/13/2024):
Bias:
Daily - Day 32 Uptrend (continuous)
Weekly - Week 9 Uptrend (continuous)
Analysis:
It has been a crazy week, non stop pumping.
We are currently on day 32 of an uptrend that started in mid October. This is starting to become a very lengthy daily uptrend, which generally lasts 17-26 days. There is probably alot of leverage that needs to be flushed and profits to be taken from long term whales and short term buyers as we get nearer to the end of the daily uptrend. I still haven't seen any major warning signs, although today can be taken as one seeing how the market nuked from the highs. Not unexpected, we should see more of these in the coming months. Whether this is that sharp correction I had warned about last week remains to be seen.
Zooming out we are still relatively early in the weekly uptrend (week 9) which generally tend to last 20-26 weeks so spot bags should be safe.
Actions:
Even more caution is heeded as the daily uptrend is overdue for a reversal. If you are new, I once again suggest only buying BTC and majors or maybe you should wait it out.
If you are currently holding positions, you can take some profit in the coming days but probably not a whole lot, I believe we still have a whiles to go. Don't give up golden goose cuz of some scary candles.
Status: Inactive
If there is a potential reversal coming, will make an update immediately
Bias:
Daily - Day 32 Uptrend (continuous)
Weekly - Week 9 Uptrend (continuous)
Analysis:
It has been a crazy week, non stop pumping.
We are currently on day 32 of an uptrend that started in mid October. This is starting to become a very lengthy daily uptrend, which generally lasts 17-26 days. There is probably alot of leverage that needs to be flushed and profits to be taken from long term whales and short term buyers as we get nearer to the end of the daily uptrend. I still haven't seen any major warning signs, although today can be taken as one seeing how the market nuked from the highs. Not unexpected, we should see more of these in the coming months. Whether this is that sharp correction I had warned about last week remains to be seen.
Zooming out we are still relatively early in the weekly uptrend (week 9) which generally tend to last 20-26 weeks so spot bags should be safe.
Actions:
Even more caution is heeded as the daily uptrend is overdue for a reversal. If you are new, I once again suggest only buying BTC and majors or maybe you should wait it out.
If you are currently holding positions, you can take some profit in the coming days but probably not a whole lot, I believe we still have a whiles to go. Don't give up golden goose cuz of some scary candles.
Status: Inactive
If there is a potential reversal coming, will make an update immediately
👍15
Moonbags Markets pinned «Market update (11/13/2024): Bias: Daily - Day 32 Uptrend (continuous) Weekly - Week 9 Uptrend (continuous) Analysis: It has been a crazy week, non stop pumping. We are currently on day 32 of an uptrend that started in mid October. This is starting…»
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Moonbags Markets
Is this the top for memes?
It indeed was the meme top lol
Local maybe
Local maybe
Forwarded from Watcher Guru
Moonbags Markets
Market update (11/13/2024): Bias: Daily - Day 32 Uptrend (continuous) Weekly - Week 9 Uptrend (continuous) Analysis: It has been a crazy week, non stop pumping. We are currently on day 32 of an uptrend that started in mid October. This is starting…
Market update (11/25/2024):
Bias:
Daily - Day 41 Uptrend -> Day 3 Downtrend (Reversal)
Weekly - Week 10 Uptrend (continuous)
Analysis:
As promised, I believe the daily uptrend has begun putting in a reversal. The price of the previous report was around 90k and we reached around 99.7k, which is where resistance appeared (check chat for receipts), and currently we are around 95k. We have gotten stretched beyond normal time frame of daily uptrends and we are more than overdue for a downtrend. Usually, these last 16-21 days and surprisingly it has come around Thanksgiving time which has been historically weak. However, the weekly uptrend is still going strong and we are typically not even half way done with our rally.
BTC dominance has been ranging from that area as well while total3 has outperformed total1 during that time. You can technically call this alt season or the beginnings of one.
Next I am looking for a very sharp correction pricewise for BTC but not sure the market will give us one. Think the most natural level to go to is 77k to 80k which lines up with cme gap and fib retracements but how likely is this? I don't know. Price targets are not my specialty, I just get lucky sometimes lol. Low 90-92k very possibly may be all we will get depending on the length of the correction.
Actions:
Despite the short term bearish outlook:
We may have entered the most fun part of the bull run. Look for ETH, SOL, and other majors to bottom first, and begin bidding. Yes that's right, we are going to let BTC do what it wants, the early signs of Alt season are all I need to begin playing the circus.
I don't care if I'm early, I'm ready to eat shit and ignore my analysis, the bottom pumps will leave people on the sidelines hard if this dip is missed. Max aggression to position for alt season. Most will not get ideal entries, those came when I was screaming about them late summer. This is likely the last chance before trains leave the station.
Memes may not put in as much gains so be forewarned about that for now but they will definitely participate in the upside. I will likely not play BTC for the remainder of this uptrend.
Status: Inactive
Bias:
Daily - Day 41 Uptrend -> Day 3 Downtrend (Reversal)
Weekly - Week 10 Uptrend (continuous)
Analysis:
As promised, I believe the daily uptrend has begun putting in a reversal. The price of the previous report was around 90k and we reached around 99.7k, which is where resistance appeared (check chat for receipts), and currently we are around 95k. We have gotten stretched beyond normal time frame of daily uptrends and we are more than overdue for a downtrend. Usually, these last 16-21 days and surprisingly it has come around Thanksgiving time which has been historically weak. However, the weekly uptrend is still going strong and we are typically not even half way done with our rally.
BTC dominance has been ranging from that area as well while total3 has outperformed total1 during that time. You can technically call this alt season or the beginnings of one.
Next I am looking for a very sharp correction pricewise for BTC but not sure the market will give us one. Think the most natural level to go to is 77k to 80k which lines up with cme gap and fib retracements but how likely is this? I don't know. Price targets are not my specialty, I just get lucky sometimes lol. Low 90-92k very possibly may be all we will get depending on the length of the correction.
Actions:
Despite the short term bearish outlook:
We may have entered the most fun part of the bull run. Look for ETH, SOL, and other majors to bottom first, and begin bidding. Yes that's right, we are going to let BTC do what it wants, the early signs of Alt season are all I need to begin playing the circus.
I don't care if I'm early, I'm ready to eat shit and ignore my analysis, the bottom pumps will leave people on the sidelines hard if this dip is missed. Max aggression to position for alt season. Most will not get ideal entries, those came when I was screaming about them late summer. This is likely the last chance before trains leave the station.
Memes may not put in as much gains so be forewarned about that for now but they will definitely participate in the upside. I will likely not play BTC for the remainder of this uptrend.
Status: Inactive
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Moonbags Markets pinned «Market update (11/25/2024): Bias: Daily - Day 41 Uptrend -> Day 3 Downtrend (Reversal) Weekly - Week 10 Uptrend (continuous) Analysis: As promised, I believe the daily uptrend has begun putting in a reversal. The price of the previous report was around…»