And the constant balancing act between the two creates a cycle of market emotions.
Wall street cheat sheet psychology of a market cycle.
Especially for the sh tcoins.
Based on what i hear i think we are currently somewhere between optimism and belief.
What the wall street cheat sheet can tell us about the current state of the bitcoin market.
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After the all time high of 20 000 in 2017 btc has remained in a downtrend for 14 months.
Let s take a look at h.
I found this amazing wall street cheat sheet which depicts the psychology of a market cycle.
The cheat sheet can help give you a better sense of where we are in the market cycle.
As a discretionary note i will say though that this cheat sheet doesn t apply to all coins.
It s quite easy to see that the bitcoin price cycle closely resembles this.
You can t polish a turd.
This is true for dalal street and possibly every stock market in the world.
Wall street cheat sheet psychology of a market cycle.
Just as bitcoin is another asset class cryptocurrency it also goes through different psychological market cycles as well as others.
Wall street cheat sheet psychology of a market cycle.