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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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Looked at previous 2 cycles 2017 4 month chop around previous ATH before decisive breakout 2020 3 week chope before decisive breakout

BTC closed on a very interesting weekly candle

The feed has gotten very negative

📊 #BTC Santiment: After the latest bitcoin price correction, there's been a notable shift in market mood, plunging to the mo
📊 #BTC Santiment: After the latest bitcoin price correction, there's been a notable shift in market mood, plunging to the most negative sentiment toward BTC since December 2023.

As I said in 2023, one of the strongest narratives in 24 will be memes and it's playing out. I think we get multiple instances of this.

Narrative will shift again once BTC L2s start getting mainnets

^

Kek

Repost from Watcher Guru
JUST IN: Bitcoin surpasses gold in investor portfolio allocation, JPMorgan says. @WatcherGuru

photo content

Coinbase premium is now a more important market barometer than ever before

Imagine not thinking this was a possibility

👀🗣 QCP Capital: - The market is starting to get nervous due to the fall of #BTC and #ETH; - inflows to spot BTC-#ETF sharply weakened; - we observe significant closing call positions from institutional players who aggressively bought calls on the way up.

Max pain for .eths

Major drop in inflows