Moonbags Markets pinned «Market update (12/11/2024): Bias: Day 1 Uptrend. Week 13 Uptrend (continuous) Analysis: Just a quick update. Looks like we have a new confirmed daily uptrend. I now expect us to take out ATH and move higher in the intermediate term. The sideways consolidation…»
Market update (12/16/2024):
Bias: Day 6 Uptrend. Week 14 Uptrend (continuous)
Analysis:
Ultra quick update, looks like alt season is cancelled by Mr Bitcoin himself.
Rampaging rally into new highs while alts are now reeling. Aside from the few alts which have a very strong narrative going for it like Trump coins (AAVE, LINK, ENA, ONDO, etc etc) , AI, NFTs, and HYPE eco, best to seek cover in BTC itself. Alts look like they are going into a bearish reversal or continued daily downtrend. I think ALTs may bleed for a bit here.
Honestly, this has taught me every single cycle, one of these type of events happen and its nothing new. The expectation that Trump was going to kickstart Alt season did not come to fruition, despite some attempts and even his wallet buying millions of alts.
We will simply keep waiting for that day to come, nothing else to say.
Actions:
-Buy Bitcoin
-Buy trending alts
-Buy capitulations on non-trending alts or accumulate them
Status: Inactive
Bias: Day 6 Uptrend. Week 14 Uptrend (continuous)
Analysis:
Ultra quick update, looks like alt season is cancelled by Mr Bitcoin himself.
Rampaging rally into new highs while alts are now reeling. Aside from the few alts which have a very strong narrative going for it like Trump coins (AAVE, LINK, ENA, ONDO, etc etc) , AI, NFTs, and HYPE eco, best to seek cover in BTC itself. Alts look like they are going into a bearish reversal or continued daily downtrend. I think ALTs may bleed for a bit here.
Honestly, this has taught me every single cycle, one of these type of events happen and its nothing new. The expectation that Trump was going to kickstart Alt season did not come to fruition, despite some attempts and even his wallet buying millions of alts.
We will simply keep waiting for that day to come, nothing else to say.
Actions:
-Buy Bitcoin
-Buy trending alts
-Buy capitulations on non-trending alts or accumulate them
Status: Inactive
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Moonbags Markets pinned «Market update (12/16/2024): Bias: Day 6 Uptrend. Week 14 Uptrend (continuous) Analysis: Ultra quick update, looks like alt season is cancelled by Mr Bitcoin himself. Rampaging rally into new highs while alts are now reeling. Aside from the few alts which…»
Moonbags Markets
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…
There has never been a more perfect time than today to bump this
👍4
Forwarded from Watcher Guru
JUST IN: 🇺🇸 Federal Reserve Chair Jerome Powell says the Fed is "not allowed to own Bitcoin."
@WatcherGuru
@WatcherGuru
😁4
Not gonna make a full report.
Just know this week has to bounce or we are in serious danger
Just know this week has to bounce or we are in serious danger
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Pretty solid odds the weekly close today will be scammy cuz it's right before yearly open
No report yet as you still cannot draw anything from this low liquidity condition close
No report yet as you still cannot draw anything from this low liquidity condition close
👍3❤1
Moonbags Markets
Market update (12/16/2024): Bias: Day 6 Uptrend. Week 14 Uptrend (continuous) Analysis: Ultra quick update, looks like alt season is cancelled by Mr Bitcoin himself. Rampaging rally into new highs while alts are now reeling. Aside from the few alts which…
Literally nothing has changed since this report other than a 2 week fakeout on low liquidity conditions. Still don't see semblance of an alt season other than some solo narratives going wild.
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Moonbags Markets
Market update (12/16/2024): Bias: Day 6 Uptrend. Week 14 Uptrend (continuous) Analysis: Ultra quick update, looks like alt season is cancelled by Mr Bitcoin himself. Rampaging rally into new highs while alts are now reeling. Aside from the few alts which…
This report continues to give
More alts nuking
Btc still at 100k despite shakeouts and fakeouts
Trending plays still trending and moving higher
Onchain nonsense happening left and right lasting only a few days at most
Stop giving them your bitcoin and keep stacking the stuff you have conviction on
Don't let the narratives dictate your strategy
This may go on for a while until I see definitive evidence that it's over
More alts nuking
Btc still at 100k despite shakeouts and fakeouts
Trending plays still trending and moving higher
Onchain nonsense happening left and right lasting only a few days at most
Stop giving them your bitcoin and keep stacking the stuff you have conviction on
Don't let the narratives dictate your strategy
This may go on for a while until I see definitive evidence that it's over
👍15
Forwarded from Watcher Guru
JUST IN: $920,000,000,000 liquidated from the cryptocurrency market in the past 24 hours.
@WatcherGuru
@WatcherGuru
🤣9👏1
Forwarded from Watcher Guru
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JUST IN: 🇺🇸 Federal Reserve Chair Jerome Powell says "banks are perfectly able to serve crypto customers."
@WatcherGuru
@WatcherGuru
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