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.
👍12❤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…
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
👍3
Alts have begun accelerating to the downside, especially memes and ai
😭10
If i were to guess, we have finally begun entering capitulation in those categories
🔥7
Forwarded from infinityhedge
PRESIDENT TRUMP'S WHITE HOUSE A.I. AND CRYPTO CZAR DAVID SACKS WILL HOST A PRESS CONFERENCE ON FEBRUARY 4 AT 2:30PM ET ON DIGITAL ASSETS
To Discuss How the trump administration & congress will work together to secure america as a leader in the digital asset ecosystem.
To Discuss How the trump administration & congress will work together to secure america as a leader in the digital asset ecosystem.
🔥3
In previous cycles, during BTC post ath season, alts would creep up with BTC and then pump when BTC grinded sideways. Then once BTC dominance topped, alts would go crazy.
In this cycle, people have been front running that and have attempted to pump alts hard when BTC goes up. Then it would collapse when there are no follow up buyers even when BTC went sideways. Subsequently, they would get weaker and weaker as time went on.
This type of behavior rewards pump and dumps and active trading only.
When this behavior changes, and it will be obvious to see, then we will have an alt season that people are used to seeing.
In this cycle, people have been front running that and have attempted to pump alts hard when BTC goes up. Then it would collapse when there are no follow up buyers even when BTC went sideways. Subsequently, they would get weaker and weaker as time went on.
This type of behavior rewards pump and dumps and active trading only.
When this behavior changes, and it will be obvious to see, then we will have an alt season that people are used to seeing.
🙏10👍6