Moonbags Markets

Both confirmed daily and weekly downtrends now in mature form Next move up is a buyable move

Confirmed daily downtrend

Getting close to a confirmed daily downtrend

Had a daily bullish reversal in early July but honestly wasn't really paying attention. Often these can be the actual bottom but so far it has not flipped the weekly bullish

Have not had a buy signal since April

Weekly is still bearish

Teetering

Weekly turned bearish

Didn't quite hold it yet, will have to give a few days to see

Close to an end, possibly today if we hold these levels, reversing bullish Weekly still bullish

We finally have a confirmed daily downtrend

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Happy Easter!

Daily and weekly both in recovery 👀 But let's see how tomorrow US opens

We finally have a confirmed daily downtrend Weekly is still in bullish recovery for now Very likely we get some sort of realization phase on the daily as the SPX is also in one The correlation between the 2 should be full restored If stocks bottom soon I believe BTC will begin the next daily bullish recovery which will be aligned with a weekly recovery, first time both daily and weekly are in recovery since October 2023. Timing is important for this to bottom imo, from now until mid April is what I'm expecting Locking in will be needed soon

Week 3 bullish reversal but the daily is still trying to resolve one way or another, so far we have no idea what it is doing What we want to see is the daily pattern resolve bullishly while the weekly holds the reversal completely before the market begins trending higher This is generally how accumulation phases work out, they are usually asynchronous in both weekly and daily trends

Weekly trend is now bullish, just week 1. Daily trend resolved to the upside, now on day 36. Long daily bullish trends are usually a good sign with maybe just 1 or 2 exceptions, notably pre-covid dump and once in 2022 I believe. All my prerequisite checklist for bottoms have checked off besides 200 week sma touch

As expected, wasn't a good sign Daily trend is now bearish, currently at day 2. However the strength of this trend has been weak which means it will resolve fast. Weekly trend still shows bullish but that can change soon, we shall see

Just a quick update Looks like we are trying to print a bullish weekly reversal starting this week Daily has already been an ongoing 23 day confirmed bullish reversal dating back to Feb 8th So early weekly reversal + late daily reversal usually not a good sign but we might get a brief relief rally for a bit as long as it stays at the current prices