In large part successful cryptocurrency trading depends on the analyst s ability to accurately identify cycles of market emotions.
Wall street cheat sheet crypto.
Here is bitcoin from 2016 2019 overlaid on top of the wall street cheat sheet.
The wall street cheat sheet and how it applies to crypto bitcoin and the overall market cycle.
There exists a wall street cheat sheet that depicts the natural psychology that investors go through during a market cycle and frighteningly bitcoin and the rest of the crypto market appear to be following this course nearly exactly after the latest collapse.
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After a potential double bottom was put in altcoins have been steadily rising even while sentiment is extremely bearish.
A couple of years ago in 2017 the crypto markets went on an epic bull run.
Technical analysis of all markets penny stocks forex futures bitcoin crypto.
Then people shared a wall street cheat sheet chart.
Wall street cheat sheet.
According to the famous market street cheat sheet even the altcoin market cap price chart looks eerily similar to the example market cycle.
Crypto market price action closely mimics wall street cheat sheet.
However as every trader knows.
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We teach you how to read all markets.
Successful trading is buying low and selling high.
It is far more difficult than what can be expressed in a single sentence.
Is the crypto market entering the anxiety phase with real panic capitulation anger and depression still yet to come.
In this video i analyze the wall street cheat sheet vs the crypto market including all assets as an index rather than just individual coins.
Between january and december 2017 we saw a 20x rise in the price of bitcoin and then the market crashed.
Similar to the wall street cheat sheet the trend is the crucial factor for profit.
Are we in between the optimism and belief stages.
We take a look at the nasdaq chart the xrp price.
Let the wall street cheat sheet guide you.
I found out that markets are cyclical and that they all go through the different stages outlined in the cheat sheet.