Opening Statement 0:00-0:57
Major Breakout, Here’s What We’ve Seen 0:57-2:54
Why I Am NOT Buying Here (Nuanced) 2:54-8:05
Could Go As High As 48k Before A Correction 8:05-8:25
Chance Of Rejection Increasing 8:25-11:43
ETF Perma Bulls Debunked 11:43-12:19
Clarifying My Views & Final Notes 12:19-15:18
The Bitget & Bingx Exchanges, Links In Bio! 15:18-15:58
The Crypto Academy 15:58-16:16
Wolves Of Crypto VIP Membership 16:16-16:50
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LEGAL DISCLAIMER:
It is worth noting that this video, as with all Wolves Of Crypto content, is a representation of my personal opinions on the market and should in no way be considered direct financial advice in any form. I am not responsible for your investment decisions or outcomes, analyse the charts for yourself before proceeding with a trade. This applies to every investment decision in cryptocurrency, stock market and any financial market – including investment decisions directly related to Bitcoin BTC, Ethereum ETH & any other altcoin.
31 Comments
The title seems contridictary but the conclusions are not. I highly reccommend watching the whole video to understand the hidden nuances of this market environment.
Thanks for watching 🤝
Thanks again Wolf!
I concur with your observations!
thanks for honest opinion
Lol you trying hard 😂
I only know the basics on TA and haven't seen anyone draw this up, but I still can't help but think there's some usefulness in it. If you draw a trend line from last cycles bottom to top, then take it and put on this cycles bottom, Bitcoin actually been moving past the line with a bit of support and resistance. Looking further ahead it might align with where we might see a new ATH set?
Bear but bull but still a bear whie being a bull. Bipolar traders
Weather you buy at 40k or 32k you will still be i ln a good spot no matter what.
Wolf! You're good at this. Respect!
My Matic and Doge are close to breaking even. lol
The most logical youtube video on crypto so far. A lot of people that get into crypto are ignorant. We need more people like you on youtube.
🐺👍🏼!
What a day mate!!
I agree with your view points and staying objective in a greedy market is important. Probably an echoe chamber and does reinforce my thoughts on my next steps.
BTC at high time resistance, I think I'm going to sit this one out. Good luck everyone, and thank you for the info Wolf
On ya brother
The only thing i am buying right now is $fakt coin
What % correction do you see ?
ETF approved
7 green weeks in a row you gotta be rational here. The halving is still 5 months away it’s just going to end up in rekt city
Top
I went long at 39,600. Just closed my trade. I’m waiting for btc to retrace.
Is there any argument that because many institutions cant yet buy bitcoin, that the ETF isnt priced in because many would be participants are excluded? In normal priced n events everyone has an opportunity to buy in advance. The current situation is that much of the potential capital cant buy bitcoin direct so it is the event of the ETF that will enable them to buy bitcoin wth that capital.
So if we do get a correction at 48k, what levels would you look to buy from there?
I love your channel and was wondering if there was something similar to it but for stocks like covering the S&P500 specifically through the charts and TA? Any suggestions?
The charts are telling me that the etf is not to far away. When the news comes out I will be looking for shorts as I think the etf news will mark a top. I also know that inflation has come down which means strength in the purchasing power of the dollar which is bearish for bitcoin yet bitcoin continues up. This means there is a divergence here between bitcoin and dollars negative correlation. These two factors spoken about above and buyers being exhausted will bring a period of downward price action. Looking into next year I confidently can say that the second wave of inflation will commence. I believe this wave will be like nothing we have ever seen in history. A rough guess of about 2 to 3 yrs of inflationary environment. I will add timing is not my specialty. As the dollar loses its buyer power so will the peoples trust. This will cause demand for bitcoin and gold to sky-rocket and with the declining supply rate of bitcoin being halved every 4 years this will only push btc price higher. I just wish people could educate themselves before the dollar collapses. Bitcoin is the solution to inflation. The decline in bitcoin supply works opposite to inflation or otherwise know as expansion of money supply. This expansion is the reason why we have been living in a PONZI SCHEME.
The problem is that we are never certain if anything, then when the trend changes we realise about how the situation was. Look what happened when we were at the 28k range, everyone was also having doubt and expecting a massive drop (the “secondary scare”) and it didn’t happened.
❤ the content Wolf! I liked the polls earlier this year to see how your viewers feel about the market.
Everyone is not buying and waiting😂 waiting for what? Alltime Highs? Just ride the wave up , we a few months from Halving and maybe a few weaks from ETF , who in His right mind is selling right now besides savy.
What do you mean "I am not buying here" mate? Both of us are all in from below 20K
I think your view is too short. You made a similar argument about not buying BTC at 28k but buying at 32k not too long ago but the truth is looking back now either price was a good entry. ETF is about supply and demand. You are foolish on the long term not to take advantage of a pre ETF BTC but since you bought in the bear market you have the luxury to determine if you bought enough BTC or not but the reality is if you decide you’ve bought enough then realistically right now you have the most BTC you’ll ever have. That’s how strong the etf is because if you won’t buy BTC now you won’t buy when BTC goes back to ATH and we’re not likely to see BTC below 32k so when do you buy?