Moonbags Markets
As expected, wasn't a good sign Daily trend is now bearish, currently at day 2. However the overall strength of this trend has been weak which means it will resolve fast. Weekly trend still shows bullish but that can change soon, we shall see Very mixed…
Weekly trend is now bullish, just week 1.
Daily trend resolved to the upside, now on day 36. Long daily bullish trends are usually a good sign with maybe just 1 or 2 exceptions, notably pre-covid dump and once in 2022 I believe.
All my prerequisite checklist for bottoms have checked off besides 200 week sma touch
Odds are good we have already been in accumulation phase
Daily trend resolved to the upside, now on day 36. Long daily bullish trends are usually a good sign with maybe just 1 or 2 exceptions, notably pre-covid dump and once in 2022 I believe.
All my prerequisite checklist for bottoms have checked off besides 200 week sma touch
Odds are good we have already been in accumulation phase
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Week 3 bullish reversal but the daily is still trying to resolve one way or another, so far we have no idea what it is doing
What we want to see is the daily pattern resolve bullishly while the weekly holds the reversal completely before the market begins trending higher
This is generally how accumulation phases work out, they are usually asynchronous in both weekly and daily trends
What we want to see is the daily pattern resolve bullishly while the weekly holds the reversal completely before the market begins trending higher
This is generally how accumulation phases work out, they are usually asynchronous in both weekly and daily trends
We finally have a confirmed daily downtrend
Weekly is still in bullish recovery for now
Very likely we get some sort of realization phase on the daily as the SPX is also in one
The correlation between the 2 should be full restored
If stocks bottom soon I believe BTC will begin the next daily bullish recovery which will be aligned with a weekly recovery, first time both daily and weekly are in recovery since October 2023. Timing is important for this to bottom imo, from now until mid April is required for this to happen
Locking in will be needed soon
Weekly is still in bullish recovery for now
Very likely we get some sort of realization phase on the daily as the SPX is also in one
The correlation between the 2 should be full restored
If stocks bottom soon I believe BTC will begin the next daily bullish recovery which will be aligned with a weekly recovery, first time both daily and weekly are in recovery since October 2023. Timing is important for this to bottom imo, from now until mid April is required for this to happen
Locking in will be needed soon
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Daily and weekly both in recovery 👀, pivot was at 66,800 I believe
But let's see how Monday US opens
But let's see how Monday US opens
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Moonbags Markets
We finally have a confirmed daily downtrend
Close to an end, possibly today if we hold these levels, reversing bullish
Weekly still bullish
Weekly still bullish
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Moonbags Markets
Close to an end, possibly today if we hold these levels, reversing bullish Weekly still bullish
Didn't quite hold it yet, will have to give a few days to see. We are extremely close imo.