Not Another Quant

Paul | Bitcoin & Macro | Charts, Data & Insights | NFA

[Not Another Quant @notanotherquant]

May's grind higher got people bullish on bitcoin:native again.

Funding flipped positive and the bottom callers came back out.

But this is exactly how bear markets behave.

We grind and chop for long stretches, just enough to rebuild conviction, and then we get quick flushes lower that wipe the new longs out.

Bear rallies are slow and they fail. Bull dips snap back.

The setup here lines up.

Clean rejection at the 200 day MA, a break of the short term rising channel, and the 50 day still under the 200.

The descending structure from the October top never broke.

Until that breaks, nothing has.

What are you seeing on sentiment right now? Genuine fear or still bullish underneath?

[Not Another Quant @notanotherquant]

@ohheyitstmas

[Not Another Quant @notanotherquant]

@Twills08 @miko_invests They need a massive purge.

[Not Another Quant @notanotherquant]

@CXL_LAB wtf lol

[Not Another Quant @notanotherquant]

@AriaLikesStocks 🤣 Well that settles it aha

This timeline is so cooked 😭

[Not Another Quant @notanotherquant]

Well it’s time to monitor the situation. Not sure the context around this but yields are responding.

What does everyone think? Why even put this out there?

[unusual_whales @unusual_whales]

Trump: Could have the blockade of Iran lifted by Labor Day

[Not Another Quant @notanotherquant]

@DobsxPlays 🤣🤣🤣

[Not Another Quant @notanotherquant]

@Cryptotea Too many battle scars!

[Not Another Quant @notanotherquant]

@sassy420_ LFG 😎

[Not Another Quant @notanotherquant]

@JFergistheman GN Sir!

[Not Another Quant @notanotherquant]

@Lina_CryptoA I’m buying the entire way down 😂

[Not Another Quant @notanotherquant]

@theaveragegal__ @JFergistheman Just becoming exit liquidity lol

[Not Another Quant @notanotherquant]

@thewhitesnake ❤️❤️❤️

[Not Another Quant @notanotherquant]

@BrandonWealth They are multiplying lol

[Not Another Quant @notanotherquant]

@MoInvestingHQ LFG Mo! Congrats 😎

[Not Another Quant @notanotherquant]

@Spybef0rey0ubuy I’ll buy the entire way down

[Not Another Quant @notanotherquant]

@CXL_LAB I’m setting limit orders overnight just in case lol.

Haven’t even got a bounce yet… 😑

Steady!

[Not Another Quant @notanotherquant]

May's grind higher got people bullish on bitcoin:native again.

Funding flipped positive and the bottom callers came back out.

But this is exactly how bear markets behave.

We grind and chop for long stretches, just enough to rebuild conviction, and then we get quick flushes lower that wipe the new longs out.

Bear rallies are slow and they fail. Bull dips snap back.

The setup here lines up.

Clean rejection at the 200 day MA, a break of the short term rising channel, and the 50 day still under the 200.

The descending structure from the October top never broke.

Until that breaks, nothing has.

What are you seeing on sentiment right now? Genuine fear or still bullish underneath?

[Not Another Quant @notanotherquant]

@CXL_LAB I just can’t believe this will play out because it is absolutely brutal.

And it’s not priced in.

[Not Another Quant @notanotherquant]

@brockpierson We are all cooked bro