Moonbags Markets – Telegram
Moonbags Markets
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The reason why we can't get Alt season started is because the weekly momentum never lines up with daily momentum

The two always being divergent gives off a feeling of unease and weak hands dump during this feeling
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Give it < 1 month or so and I believe it should line up

June is likely the time
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Moonbags Markets
Day 15 downtrend, week 4 uptrend. The fact that we are already into day 15 of this daily move and shows no sign of ending tells me we are in some kind of extended trend. Dip buying season
Day 31 downtrend, week 6 uptrend

Have not seen anything like this in decade + of trading I've done. That is all I have to say. This looks like pure stagnation. I will remain in a neutral position until things change.
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Day 37 downtrend (confirmed), week 7 uptrend

Finally the market showed it's hand and confirmed the downtrend on BTC. The picture is now much clearer than it was the past few weeks.

It should now resolve within a week or 2 before the next uptrend. As long as we hold 89k (might be higher now, untested) think we are good. Currently still working out some downward pressure and bear flagging. Perhaps we see another plunge lower or sideways before we move up.

On the other hand, OTHERS has started going into recovery mode and working on an uptrend. Currently Day 2 uptrend on my count but if BTC plunges again, I expect it to fail. However, I also expect it to make a higher low which would pretty much send us into the long awaited Alt season. Should it make another new low, we would go back to more of the same that we have seen in 2025.

Think the overall strategy is the same. Wait it out or buy dips.
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Moonbags Markets
Day 37 downtrend (confirmed), week 7 uptrend Finally the market showed it's hand and confirmed the downtrend on BTC. The picture is now much clearer than it was the past few weeks. It should now resolve within a week or 2 before the next uptrend. As long…
Day 2 Uptrend (unconfirmed), Week 8 uptrend

We are finally lining up on both the Daily and Weekly timeframe as expected from last week's update

I expect a strong uptrend from everything from this point on, most of the gains will be made here.

Invalidation would be if we reverse the gains since the June 5 bottom, which would set up a bull trap
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Forwarded from Whales Crypto Guide
🥳 Shopify rolls out #USDC payments via MetaMask, powered by Coinbase.
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Forwarded from infinityhedge
*JPMORGAN TO PILOT DEPOSIT TOKEN 'JPMD' ON COINBASE-LINKED BLOCKCHAIN 'BASE'
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Moonbags Markets
Day 2 Uptrend (unconfirmed), Week 8 uptrend We are finally lining up on both the Daily and Weekly timeframe as expected from last week's update I expect a strong uptrend from everything from this point on, most of the gains will be made here. Invalidation…
the system has failed again

the market has adjusted, rendering it useless

will be scrapping it for good and starting from square 1

not going to be making any excuses

will also be rethinking some things regarding the market
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My gut tells me we are in some kind of jealousy capitulation
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How often do we see BTC stuck at <5% below ath for this long?
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Forwarded from Wu Blockchain News
According to Bloomberg, early Bitcoin whales have sold over 500,000 BTC in the past year—worth more than $50 billion—roughly matching net inflows into U.S. Bitcoin ETFs. At the same time, institutional investors, including ETFs, corporate treasuries, and asset managers, have accumulated about 900,000 BTC, bringing their total holdings to approximately 4.8 million coins, or one-quarter of the circulating supply. — link
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If it isn't obvious by now

The crypto market has been unable to reach that "stars aligning" moment where everything just sends for the past 3 years

We have had a few echo bubbles and nothing really more than that

This is an anomaly that does not line up with 4 year cycle theory

Is it time to declare this dead, or are we gonna wait for EOY 2025?
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This would be huge if available in US
Weekend dumps during a strong uptrend are
Final Results
77%
Bullish
23%
Bearish
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How does the altcoin market (non-BTC or stablecoin) since the 2022 bottom make you feel?
Final Results
52%
Disappointed
29%
Betrayed
19%
Good
Does ETH close above $4100 on weekly chart in the next month?
Final Results
63%
Yes
37%
No