The Wolf Of All Streets

“Bitcoin spent a historically long stretch in fear, and one week of greed is not the top "Crypto greed gauge hits highest since just before October's nineteen billion wipeout. I am seeing this narrative everywhere and it drives me absolutely nuts." "Bitcoin spent a historically long period in fear. If you were looking at the sentiment index it was fear, slight spikes out, extreme fear, for months at a time, something that had never happened before. We finally exit fear and get into greed for the first time, and you already have the crypto media talking about the October nineteen billion dollar wipeout and how this is exactly the same." "Take a look back at the crypto fear and greed index then, and you will notice we were in a raging bull market with Bitcoin going all the way up to one hundred twenty six thousand. Much like how we have been in fear here, we had a long sustained period of greed and extreme greed." "We just got there. This is just the beginning of a sentiment shift, and it is disingenuous to compare it to the top of the entire bull market. Much like RSI can stay overbought for a very long time when things get going, so can greed sentiment remain elevated. I think this is a bullish narrative and not a bearish narrative."”

“Bitcoin needs to hold above around $82,800 to break the bearish structure "I do believe we are likely near a bottom. All the signals I've been telling you about for months were there, and now we've passed some fundamental levels that I think are important" "That said, for the technical analysts out there, Bitcoin needs to get above around $82,800 and hold there to make a new higher high and abolish the bearish market structure that still exists" "If I had a gun to my head, I would imagine we see some sort of retracement to some degree. Let RSI cool off, let the chart cool off a bit, maybe go back and test the low 70s or high 60s, get people thinking we're in a bear market again, and then gain fuel for that next rally" "It's nice not to be trading sideways at $64,000 indefinitely. It seems Bitcoin finally produced the perfect bottom signal, which was everyone stopped caring. Perfect time based capitulation"”

“I am not saying that Bitcoin is starting it's next move, although it very well could be. I am saying that I've been very publicly making the case for a potential bottom since February and I still think odds are in favor of that arugment.”

“Everyone feared Saylor becoming a forced seller but when he actually sold, Bitcoin went up “This was arguably the biggest FUD in the market, Saylor becoming a forced seller. The narrative was he’s the only buyer, the buyer of last resort, then Bitcoin went up after he sold” “He’s shown that’s just not going to happen, and more importantly he’s shown he can’t really even buy right now, which is also not affecting the price” “To me, that’s more of a bottom signal””

“Bitcoin Is Setting Up for $70K - But The Fed Could RUIN It https://t.co/OOnzxV1HYP”

“The overwhelming consensus today is that Bitcoin is headed much lower. Maybe it is. The trend is still down on the higher time frames, macro uncertainty remains elevated, and there are legitimate reasons to be cautious. But markets have a funny habit of making the majority feel smartest right before they make them the most uncomfortable. So let's suspend our biases for a moment and ask a different question. If Bitcoin were actually in the process of putting in a major bottom, what evidence would we expect to see? A month ago, I laid out the historical case. At the time, I argued that Bitcoin was beginning to enter the same conditions that had accompanied every previous major cycle low. It wasn't a prediction. It was simply an observation that several independent indicators were beginning to align. Since then, that case has become stronger. The weekly bullish RSI divergencewith oversold conditions I discussed has now been confirmed. The daily chart is showing the same thing. Momentum is improving even as price remains near its lows, exactly the type of behavior technicians look for when trends begin exhausting themselves. Bitcoin also continues to find support around its 50-month moving average, a level that has historically marked major long-term buying opportunities. It is also trading around the 200 Weekly MA, a level that has marked every bottom. On-chain metrics continue to show underwater supply at levels typically associated with broad capitulation, suggesting a significant amount of forced selling has already taken place. At the same time, whale accumulation has exploded. Large holders are accumulating Bitcoin at the fastest pace ever recorded. These were the same wallets that sold the top. That's worth paying attention to. Historically, the biggest players don't wait for perfect headlines or obvious trend reversals. They accumulate while uncertainty is highest and conviction is lowest. Then there's sentiment. Fear and greed is in the gutter. Also, every major Bitcoin bottom eventually becomes associated with a narrative that feels impossible to overcome while you're living through it. In previous cycles it was Mt. Gox, China's mining ban, COVID, Luna, Celsius, and FTX. At the time, each felt like an existential threat. Looking back, they were signs of peak fear and capitulation. Today that narrative has become Strategy. The conversation has shifted away from Bitcoin itself and toward whether Strategy can continue financing its accumulation. The prevailing belief is that dilution is inevitable, capital markets are closing, and Bitcoin can't sustainably recover until Strategy fails first. But nearly every one of those arguments depends on the same assumption: Bitcoin continues falling. If Bitcoin stabilizes, trades sideways, or begins recovering over the coming months, much of the bearish case against Strategy begins to unwind naturally. Financing improves. Market confidence returns. Access to capital opens back up. The feedback loop everyone is worried about today begins working in the opposite direction. In other words, perhaps the market has cause and effect backwards. Strategy doesn't necessarily need to survive in order for Bitcoin to recover. If Bitcoin is already entering a bottoming process, many of the concerns surrounding Strategy may simply resolve themselves. This brings me to what I think is the most important point. Major bottoms don't form when everyone suddenly becomes bullish. They form when the market quietly stops going down despite nearly everyone expecting it to. That's exactly what bullish momentum divergences represent. Price continues testing lows, sentiment remains terrible, headlines stay negative - but underneath the surface, selling pressure begins fading. Momentum improves before price does. Strong hands quietly absorb coins from weak hands. By the time the news turns positive, much of the move has already happened. None of this guarantees we've seen the final low. Markets don't provide certainty, and major bottoms are rarely clean. They tend to frustrate both bulls and bears before a new trend emerges. But when I step back and look objectively at the evidence, I see a market where weekly and daily bullish divergences have now been confirmed, long-term support continues to hold, whale accumulation has reached unprecedented levels, on-chain capitulation resembles previous cycle lows, and sentiment has become overwhelmingly one-sided. Could Bitcoin still make another lower low? Absolutely. Could this process take longer than anyone expects? Of course. But if you're intellectually honest enough to consider both sides, I think the bullish case today is far stronger than most people are willing to admit. And historically, that's often what major turning points have looked like.”

“"You know what the easy way out is that nobody is considering?" "Bitcoin goes up" "If Bitcoin's at 80k, we're not even having these conversations" "You know how you get on social media and feel like you're right about something and you keep pounding it. I get the emotional attachment to being right. But that is also an emotional attachment to there being no chance that Bitcoin goes up"”

“$BTC now has potential bullish divergence coming out oversold RSI on every high time frame. Potential.”