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Wolf🐺

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I swear I remember half of CT calling for lower lows.
Now I open the timeline and somehow everyone has been long since the mid-$60Ks. 🤡
Every CT account I remember screaming “lower” at the bottom is somehow long now.
Either I’m getting old and my memory is failing me, or something here doesn’t quite add up.
Markets move fast. Apparently, memories move faster.
Markets have a strange way of making the best opportunities feel uncomfortable.
At the bottom, nobody wants them.
During the recovery, nobody trusts them.
Near the breakout, everyone waits for confirmation.
After the breakout, everyone wishes they bought earlier.
I think $ETH is somewhere in that story right now.
ETH+0.35%
Analysts build their reputation on being right.
When your business is selling $1500 subscriptions, being right matters a little less than keeping people watching, debating and renewing.
Miss the call, change the model, add another indicator, keep the content machine running.
Different incentives.
The more I look at the $ETH vs $NFLX fractal, the more interesting it gets.
Both spent years trapped inside massive ascending triangles after their initial expansion, repeatedly testing the same boundaries while sentiment went from excitement to exhaustion.
That’s what makes this fractal interesting to me.
Not the candles. The psychology behind a multi-year compression.
NFLX eventually resolved it violently to the upside.
Now we watch ETH.
post-image
ETH+0.35%
NFLX-2.50%
The “Delusional Bear’s Cheat Sheet” aka as the "Ben Cowen's Cheat Sheet" is aging beautifully.
We might be at complacency:
“Just a bounce.”
“Bull trap.”
“Still going lower.”
Bears are still waiting for the bear market to resume.
The market might already be in a new cycle.
post-image
The $2400–2500s resistance I flagged did its job.
With several key MAs converging there, some rejection/consolidation was always likely.
Now the $ 2300s are the first support and could very well hold.
If they don’t, I’ll be looking to go hard around $ 2150s that’s the next major support on my chart.
Nothing has changed in the bigger picture. Just levels doing their job.
post-image
I’ve been here long enough to know that the loudest voices are rarely the ones with the best calls.
I don’t need to sell certainty. I’ll just keep posting what I see and let the timeline do the talking.
My thesis is still the same: this cycle isn’t done, and $ETH hasn’t had its real moment yet.
ETH+0.35%
$ETH spent years teaching everyone not to believe.
Every rally sold.
Every breakout faded.
Every bullish thesis mocked.
That’s exactly why the next phase could catch so many offside.
ETH+0.35%
The market spent months teaching everyone to sell every bounce.
Now it gets to teach them the opposite lesson.
The hardest part of a new trend isn’t finding the bottom.
It’s believing the bottom already happened.
$BTC and $ETH have already bottomed.
Of course a nasty pullback will come. But everyone is asking how deep, while ignoring the more important question:
From how much higher?
Too much money is still waiting on the sidelines for the perfect entry.
BTC+1.18%
ETH+0.35%
If we spend the next few weeks consolidating around these levels, with enough ups and downs to frustrate both bulls and bears, that’s a good thing.
Let the market build a base.
The next move will come when everyone gets tired of waiting.
Pullbacks will come. They always do.
But while everyone waits for the perfect entry, the gurus still calling for new lows might end up waiting a little longer…
First they miss the bottom. Then they wait for the retest that never comes.
The amount of people still sidelined is actually insane.
This market has a lot of catching up to do.
A crypto market where $ETH leads is a healthy crypto market.
BTC provides the foundation. ETH taking the lead signals risk appetite is expanding and capital is starting to move down the curve.
ETH+0.35%
BTC+1.18%
The interesting thing about $ETH right now isn’t the price.
It’s what’s happening underneath it.
Strengthening vs $BTC .
Strengthening vs the altcoin market.
Sentiment still skeptical.
Attention still nowhere near euphoric.
Price is usually the last thing people notice.
Leadership comes first.
ETH+0.35%
BTC+1.18%
The most immediate resistance, imo, sits around $2,350–2,400.
There’s quite a bit of confluence there, including several key MAs converging in the same area.
That’s the first real test. Clear it, and things start getting much more interesting.
This looks like an inverse 10/10 setup.