Moonbags Markets

[🌲] Grayscale (GBTC) Daily BTC Flows: -148.7m: BBG

BITCOIN BREAKS $100,000

Some volatility the past few but looks like the 11/25 update still holding, no changes. Looking good for ALT season.

Happy Thanksgiving 🦃

How people think bull markets are: Buy a coin ->10x within 12 hours, sell then move on to the next -> 5x within 24 hours -> sell then move on and repeat What really happens: Buy coin that is pumping -> immediately lose 35%, coin then goes sideways, don't wanna sell for a loss in a bull, other coins pumping -> capitulate and move onto next pumping coin, same thing happens, down 40% in an hour, coin you sold goes up 10x -> reeeeeeeee

Market update (11/25/2024): Bias: Daily - Day 41 Uptrend -> Day 3 Downtrend (Reversal) Weekly - Week 10 Uptrend (continuous) Analysis: As promised, I believe the daily uptrend has begun putting in a reversal. The price of the previous report was around 90k and we reached around 99.7k, which is where resistance appeared (check chat for receipts), and currently we are around 95k. We have gotten stretched beyond normal time frame of daily uptrends and we are more than overdue for a downtrend. Usually, these last 16-21 days and surprisingly it has come around Thanksgiving time which has been historically weak. However, the weekly uptrend is still going strong and we are typically not even half way done with our rally. BTC dominance has been ranging from that area as well while total3 has outperformed total1 during that time. You can technically call this alt season or the beginnings of one. Next I am looking for a very sharp correction pricewise for BTC but not sure the market will give us one. Think the most natural level to go to is 77k to 80k which lines up with cme gap and fib retracements but how likely is this? I don't know. Price targets are not my specialty, I just get lucky sometimes lol. Low 90-92k very possibly may be all we will get depending on the length of the correction. Actions: Despite the short term bearish outlook: We may have entered the most fun part of the bull run. Look for ETH, SOL, and other majors to bottom first, and begin bidding. Yes that's right, we are going to let BTC do what it wants, the early signs of Alt season are all I need to begin playing the circus. I don't care if I'm early, I'm ready to eat shit and ignore my analysis, the bottom pumps will leave people on the sidelines hard if this dip is missed. Max aggression to position for alt season. Most will not get ideal entries, those came when I was screaming about them late summer. This is likely the last chance before trains leave the station. Memes may not put in as much gains so be forewarned about that for now but they will definitely participate in the upside. I will likely not play BTC for the remainder of this uptrend. Status: Active

JUST IN: Solana $SOL hits new all-time high of $264. @WatcherGuru

JUST IN: $97,000 Bitcoin @Bitcoin_Price

BREAKING: Bitcoin reaches new all-time high of $95,000 @WatcherGuru

It indeed was the meme top lol Local maybe

🐦 Baron Von Moonbags: tweet from lordmoonbags ⋅ 1m ago 👀 3 ♻️ ℹ️

Join the chat group for more up to date discussion on markets https://t.me/+Ot7FuHDdkGY4MTkx

Market update (11/13/2024): Bias: Daily - Day 32 Uptrend (continuous) Weekly - Week 9 Uptrend (continuous) Analysis: It has been a crazy week, non stop pumping. We are currently on day 32 of an uptrend that started in mid October. This is starting to become a very lengthy daily uptrend, which generally lasts 17-26 days. There is probably alot of leverage that needs to be flushed and profits to be taken from long term whales and short term buyers as we get nearer to the end of the daily uptrend. I still haven't seen any major warning signs, although today can be taken as one seeing how the market nuked from the highs. Not unexpected, we should see more of these in the coming months. Whether this is that sharp correction I had warned about last week remains to be seen. Zooming out we are still relatively early in the weekly uptrend (week 9) which generally tend to last 20-26 weeks so spot bags should be safe. Actions: Even more caution is heeded as the daily uptrend is overdue for a reversal. If you are new, I once again suggest only buying BTC and majors or maybe you should wait it out. If you are currently holding positions, you can take some profit in the coming days but probably not a whole lot, I believe we still have a whiles to go. Don't give up golden goose cuz of some scary candles. Status: Inactive If there is a potential reversal coming, will make an update immediately

Regarding the debate and political situation, I will simply break it down to markets The key thing to watch is Bitcoin dominance imo If we slowly grind up on BTC dominance going into election, it favors a Kamala victory as it would be a breakout when Kamala wins If it giga pumps going into the election, I think it favors a Trump victory as it would be a pico top if he wins If BTC dominance slowly bleeds into the election, it favors a Trump victory If BTC dominance nukes into the election, it favors a Kamala victory If it is truly sideways then I don't see an edge Know your market participants, they will likely try to throw us off

I'm sure you guys remembered this post before I changed the format of this channel. I think the odds heavily favor that btc dominance has topped when Trump got elected and we are entering alts dominance era.