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Moonbags Markets

Moonbags Markets

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This channel is for my own personal thoughts only. Not financial advice. I take no responsibility for anyone's losses or gains. This channel will be forever free and I take no donations. Thank you. https://twitter.com/lordmoonbags

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No pnd shit with shady charts

I wish to provide only sustained runners

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Top 100

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Everything launched on TURT has basically full sent

warnings were given
warnings were given

Pepe era shitcoins

Alt season is all but confirmed in early 24 if btc spot etf

Hearing ETH spot ETF coming in May 24 if approved

Repost from Wu Blockchain News
According to Lookonchain, an address closely related to the FTX cold wallet (4Axqyo...HswTAh) unstaked 1.5 million SOL (approximately $90 million) at 7:55 UTC+8 today, and transferred all of it to 3vxheE5...5mgkom. Lookonchain states that 3vxheE5…5mgkom may belong to Coinbase’s internal address. β€” link

CFX and STX πŸ‘€

Wtf Gold actually hit ATH yesterday

GOLD as usual, Monday attack. Have seen this for over 10 years of trading this shit, Volume utterly ridiculous too lol
GOLD as usual, Monday attack. Have seen this for over 10 years of trading this shit, Volume utterly ridiculous too lol

Meanwhile COIN and MSTR still fucking

I knew they weren't just going to let this trendline be in SPX Expect a warzone here
I knew they weren't just going to let this trendline be in SPX Expect a warzone here

GM, I see they are already trying to drain liquidity

So let's zoom out in time and space and look at the big picture of this market Markets went ballistic coming out of Covid. Powell cut all rates to zero and we basically had 2 years of up only in all markets while US debt began losing value slowly then fully all at once. Inflation began to become an issue when gas prices started soaring all the way to ridiculous levels. There were supply shortages everywhere. The fed took this as an opportunity to raise rates rapidly all the way to 5.5%. Markets at first dumped hard including crypto crashing like crazy and stock market giving back most gains of 2021 and then some. Tech stocks fell the fastest including some highly profitable blue chips going back to 2010s levels. Many stocks basically went to sub 2020 crash levels. Most cryptos erased all gains from 2021 going back to 2019 and 2020 levels. US debt went back to pre 2008 crisis levels. Then all at once, in Q4 2022 everything began going back up despite the fed still raising rates (4 hikes in 2023). Markets have been up, consolidation, up, consolidation, up pretty much all year without any real crashes. Now we just hit new yearly highs in btc, gold, stock market, with US debt slowly recovering and DXY still well over 103. They have still not achieved their 2% inflation target despite the fastest rate hiking cycle probably ever. All of past 2 years simply tells you this: It is all a momentum game. It's all a time based/astrology game. The value of an asset is dependent on how much momentum it has. It can go low and keep getting lower, it can go high and keep going higher depending on the momentum. There was entirely no momentum in 2022, it was bleed after bleed until people decided that it had gone cheap enough to get entries. You had meta trading at mid 2010s levels back when it was still under FB despite being a very profitable and forward looking company, you had btc under previous cycle ath and cut under 200 week ma for months. The fundamentals and technicals didn't matter, people had to come up with new ways of explaining what was happening with random indicators and random news stories when shit hit the fan. It's also was very time based, almost like clockwork. Did you know the entire cycle of 2019 to 2021 was exactly the same as 2015 to 2017 in terms of time? Did you know that both the luna and ftx collapses happened on blood moons, which also happens to have corresponded with the exact dates of lower lows in 2018? Did you know the current uptrend in bitcoin from 25k corresponded with the same uptrend in 2015 basically down to the exact date and astrological event? Stuff like macro and sentiment have their place but they are usually very one sided and front ran. Macro is almost always negative because the people that do macro studies are extremely negative people. Sentiment is generally lagging and often give false signals. The fed has literally been the forefront of controlling the macro picture and they have been doom talking every month to get you to sell your stocks. If you had followed this, you would be crying on the sidelines for over a year. The sentiment has gone from euphoric to straight up goblinville depending on what price does week to week. Btc could drop to 39k tomorrow and people will come out saying capo was right. Clown euro bears who have gone mia since price has gone up will come back out saying they called this as the top. Sentiment is literal clown cars. People have to stop falling for the same traps over and over and just follow momentum, astrology, and the x axis. This is my specialty and I will continue to give my take on things. I will see it before what most pundits see.

Expect giga rally after December 15th or so, maybe give half a week to ramp up

Liquidity drain begins tomorrow though. May or may not affect crypto, we don't know yet, but equity futures in red tonight.