Moonbags Markets pinned «Join the chat group for more up to date discussion on markets https://news.1rj.ru/str/+y1FopIkkPP83OTMx»
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…»
How people think bull markets are:
Buy a coin ->10x within 12 hours, sell then move on to the next -> 5x within 24 hours -> sell then move on and repeat
What really happens:
Buy coin that is pumping -> immediately lose 35%, coin then goes sideways, don't wanna sell for a loss in a bull, other coins pumping -> capitulate and move onto next pumping coin, same thing happens, down 40% in an hour, coin you sold goes up 10x -> reeeeeeeee
Buy a coin ->10x within 12 hours, sell then move on to the next -> 5x within 24 hours -> sell then move on and repeat
What really happens:
Buy coin that is pumping -> immediately lose 35%, coin then goes sideways, don't wanna sell for a loss in a bull, other coins pumping -> capitulate and move onto next pumping coin, same thing happens, down 40% in an hour, coin you sold goes up 10x -> reeeeeeeee
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Moonbags Markets
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…
Some volatility the past few but looks like the 11/25 update still holding, no changes. Looking good for ALT season.
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Forwarded from Tree News (Tree News Bot)
[🌲] Grayscale (GBTC) Daily BTC Flows: -148.7m: BBG
Market update (12/9/2024):
Bias: Day 16 Downtrend (continuous). Week 13 Uptrend (continuous)
Analysis:
The daily downtrend on BTC has played out as a sideways move with prices going to 90k first then reaching over 100k before coming back to the price I made the downtrend call. Neither of those prices were sustainable for this phase of the market and thus we settle at a middle ground somewhere.
We average 16-21 days on daily downtrends and we are on day 16. Does this mean you should go out and buy right now? Are we waiting for the next leg up imminently?
I think we are at a pretty tricky part of this move. Weekly uptrend is still intact and will likely be intact for another 7-11 weeks. At the same time, I think we are at the realization stage of this daily downtrend. People may begin panic selling soon thinking the pico top is in, and this will affect both BTC and ALTS.
Actions:
Stay patient. Bottom of this downtrend is likely near but we are also at a very dangerous zone. Add slowly and steadily. Buy on big dips and capitulations for sure. Probably safer to buy BTC than alts, many of which have gone parabolic. If your entry ends up roundtripping, as painful as it would be, I suggest hodling and adding lower if you do intend on being aggressive. Many alts are still in daily uptrends while some have begun dumping super hard, likely safer to stay with strength. Invalidation would be if we go below 90k, then we could open up much lower levels for a quick nuke, maybe towards 77k but don't expect this to last. In this case, Alts would tank 30+% IMO.
Status: Inactive
Bias: Day 16 Downtrend (continuous). Week 13 Uptrend (continuous)
Analysis:
The daily downtrend on BTC has played out as a sideways move with prices going to 90k first then reaching over 100k before coming back to the price I made the downtrend call. Neither of those prices were sustainable for this phase of the market and thus we settle at a middle ground somewhere.
We average 16-21 days on daily downtrends and we are on day 16. Does this mean you should go out and buy right now? Are we waiting for the next leg up imminently?
I think we are at a pretty tricky part of this move. Weekly uptrend is still intact and will likely be intact for another 7-11 weeks. At the same time, I think we are at the realization stage of this daily downtrend. People may begin panic selling soon thinking the pico top is in, and this will affect both BTC and ALTS.
Actions:
Stay patient. Bottom of this downtrend is likely near but we are also at a very dangerous zone. Add slowly and steadily. Buy on big dips and capitulations for sure. Probably safer to buy BTC than alts, many of which have gone parabolic. If your entry ends up roundtripping, as painful as it would be, I suggest hodling and adding lower if you do intend on being aggressive. Many alts are still in daily uptrends while some have begun dumping super hard, likely safer to stay with strength. Invalidation would be if we go below 90k, then we could open up much lower levels for a quick nuke, maybe towards 77k but don't expect this to last. In this case, Alts would tank 30+% IMO.
Status: Inactive
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Moonbags Markets pinned «Market update (12/9/2024): Bias: Day 16 Downtrend (continuous). Week 13 Uptrend (continuous) Analysis: The daily downtrend on BTC has played out as a sideways move with prices going to 90k first then reaching over 100k before coming back to the price I…»
Some extra notes to add for this month:
-USA corporate tax payments due Dec 15, will likely lead to stalling in US Stocks
-CPI on Dec 11, potentially important leading up to FOMC decision
-FOMC meeting Dec 18, might be a pivotal meeting
-Full moon Dec 15
-Fabled yearly Santa Rally which happens usually before Christmas and lasts till New Years
-Potential Amazon and Microsoft or big companies/countries adding BTC to balance sheet and price reactions to these events
-USA corporate tax payments due Dec 15, will likely lead to stalling in US Stocks
-CPI on Dec 11, potentially important leading up to FOMC decision
-FOMC meeting Dec 18, might be a pivotal meeting
-Full moon Dec 15
-Fabled yearly Santa Rally which happens usually before Christmas and lasts till New Years
-Potential Amazon and Microsoft or big companies/countries adding BTC to balance sheet and price reactions to these events
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Levels I'm watching
90k BTC -> 74-80k
ETH 3845 -> 3555
SOL 210 -> 188
Total3 ATH
90k BTC -> 74-80k
ETH 3845 -> 3555
SOL 210 -> 188
Total3 ATH