Moonbags Markets

🇨🇳👀 QCP: Today the People's Bank of China announced a surprise 50 bps cut. reserve requirement ratio, and this could provide some support to risky assets, including cryptocurrency. We believe that the bullish option is more likely. If the US Treasury issues more short-term debt as we expect, it will also be bullish for risk assets and cryptocurrencies.

🥳 #GMT Find Satoshi Lab: Gas Hero has made nearly $90 million in #NFT trading since launching earlier this month. According to the company, the game has more than 10,000 active players.

Fear leads to apathy Apathy leads to hope Hope leads to euphoria Euphoria leads to complacency Complacency leads to fear

If market stops getting fudded by this, it will bounce

According to Arkham, at 22:29 UTC+8, Grayscale once again transferred 19,200 BTC to Coinbase Prime Deposit, worth $810 million. — link

Seems likely all of Grayscale's bitcoin will be outflowed if they don't cut their fees

Interesting to see price of eth continues to desire to bounce off this level

looks like market wants to bounce 40125 area is resistance for now

nicely reflected.

JUST IN: BlackRock’s head of ETFs says they have seen a major influx in Bitcoin interest and it has traded $3.5 billion since launch. @WatcherGuru

Invalidation is above 45k and hold Note, this is usually when the real bull market has begun the last 2 times, after the market invalidated the weekly downtrend prematurely. Some hopium for yall.

Shorter term I'm pretty hopeful a bounce comes. We are quite overextended here with the selling storm from gbtc and now mt gox lmao.

My useless price targets that usually never play out lol: 35k is a decent buy for a bounce 32k is a solid buy 25 to 30k would be a godsend Anything below would probably wick but if they were to sustain below 25k.... entire bull market is in jeopardy we could then start putting capo targets into discussion

The uptrend is over. 39245 has broken. We are now in a strong weekly downtrend. What should you expect next? Down with some bounces along the way Expecting at least 3-4 months of selling with periods of recovery before more down. In fact, we are due a recovery any time now but will be sold off after. Price targets? Can go as low as you can imagine, possibly lower. Also, 2015-16 fractal is over. It doesn't resemble this or 2019-20 fractal anymore. It is now fog of war territory. Guidance will be less accurate besides momentum. It happens every single cycle. The good times are over for the time being. Get ready for hard mode.

🍿👀 Founder dForce: Mt.Gox will unlock 200,000 #BTC in the next two months to pay creditors.

Miner capitulations coming