Forwarded from Fin Watch
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We are nearing the timing band for a weekly bottom.
Currently on week 11 downtrend. On average between 16 to 22 weeks downtrending before it puts in a momentum bottom but technically, any strong move up can indicate a local buyable bottom.
This is just an update on my trading system, not a call. I have stopped using the system personally because I feel it is a little bit laggy and I'm glad I did because the December warning I gave was mostly based on my gut feeling (https://t.iss.one/moonbagsnotes/4969)
Currently on week 11 downtrend. On average between 16 to 22 weeks downtrending before it puts in a momentum bottom but technically, any strong move up can indicate a local buyable bottom.
This is just an update on my trading system, not a call. I have stopped using the system personally because I feel it is a little bit laggy and I'm glad I did because the December warning I gave was mostly based on my gut feeling (https://t.iss.one/moonbagsnotes/4969)
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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…
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…
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For comparison, 2023 weekly downtrend lasted 25 weeks, in 2024, it lasted 23 weeks
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Forwarded from Crypto News Aggregator by EXCAVO
🗽👀 Fidelity allows investors to directly invest in cryptocurrencies through a new retirement plan. coindesk
Gut feeling:
This dump reminds me of the night when Trump won the election in 2016
This dump reminds me of the night when Trump won the election in 2016
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Ending poll here so you can't change your vote based on the 1 minute chart lmao
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Forwarded from infinityhedge
*TRUMP: IF CHINA DOES NOT WITHDRAW TARIFFS BY APRIL 8, US WILL IMPOSE ADDITIONAL 50% TARIFFS APRIL 9
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Forwarded from Wu Blockchain News
Donald Trump stated on his social media that the United States will immediately raise tariffs on China to 125%, while granting a 90-day suspension period for over 75 countries, during which a reduced reciprocal tariff of 10% will apply. — link
Moonbags Markets
We are nearing the timing band for a weekly bottom. Currently on week 11 downtrend. On average between 16 to 22 weeks downtrending before it puts in a momentum bottom but technically, any strong move up can indicate a local buyable bottom. This is just…
Week 14 of downtrend, it should be drawing to a close soon
Daily uptrend is also beginning now, as early as today if we maintain current price levels or above over the next few days
Daily uptrend is also beginning now, as early as today if we maintain current price levels or above over the next few days
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Begin the clock on the final positive move if this begins going down imo. Final positive move before complete collapse.
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Moonbags Markets
Week 14 of downtrend, it should be drawing to a close soon Daily uptrend is also beginning now, as early as today if we maintain current price levels or above over the next few days
Day 11 of uptrend, usually lasts 17 to 27 days, still no weekly flip but could happen soon if we break above 88k area to 90k (unconfirmed).
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Moonbags Markets
Day 11 of uptrend, usually lasts 17 to 27 days, still no weekly flip but could happen soon if we break above 88k area to 90k (unconfirmed).
Day 12 uptrend, Week 1 uptrend, still waiting on Sunday close for weekly to confirm
This is gonna be the wall of worry zone. What you want to see is negative headlines get ignored while price still goes up. Potentially a full week of short squeezing if we can hold this area.
This is gonna be the wall of worry zone. What you want to see is negative headlines get ignored while price still goes up. Potentially a full week of short squeezing if we can hold this area.
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