Moonbags Markets

Market doesn't want to hear it

hmmm

FED’S POWELL: POLICY SEEMS RESTRICTIVE BUT NOT SEVERELY RESTRICTIVE, NEUTRAL RATE HAS ‘PROBABLY RISEN’ ...

POWELL: WORRIED "OVER TIME" ABOUT THE LEVEL OF US DEFICITS, BUT NOT THE FED'S JOB TO ADVISE CONGRESS ...

POWELL: 'HARD LANDING' SCENARIO NOT THE MOST LIKELY SCENARIO NOW ...

POWELL: IF THE FED WAITS FOR INFLATION TO GET TO 2% TO CUT IT HAS WAITED TOO LONG ...

JUST IN: BlackRock CEO Larry Fink says Bitcoin is digital gold. @WatcherGuru

Coinbase whale bidding at 62.5k

Market clearly in a daily momentum rally, just wish it was during NY hours not Asian

Box has been elite

We bring back the box

JUST IN: 🇺🇸 Donald Trump will still attend and speak at Bitcoin conference later this month following yesterday's assassination attempt. @WatcherGuru

Tldr Time based capitulation has a chance to be over any time now. Likely trajectory remains September but not concrete. Levels above 59.4k is bullish on daily time frame

I do not know if there is enough buying pressure to do this so I will simply wait and see. Still got spot bags that I will hodl. A key level for tonight close is >59.4k

Weekly is still bearish but has FINALLY entered into a potential recovery zone. Any strong momentum from here will flip the indicator into bullish recovery and we can finally put in a healthy and real rally. This is different from rallies in the month or 2 before this because they were during the declining momentum phase which is usually not recoverable especially in a long sideways churn and during miner capitulation. The caveat here, is the push up has to be strong and impulsive.

This looks typical of a bullish daily momentum rally