Optimism, belief, thrill, euphoria, complacency, those stages either describe a positive situation BTC remote work from home jobs part time is in (which it isnt) or a dip down situation (which its already surpassed). Bitcoin, since its all time high of 19,500, has reached 6440 of this morning and shows signs to go lower. This is a situation where they thought the bottom was in, but wasnt, and now they think its a free fall. So if its accurate (and I think it tells market cycles well) its not going to tell you the bottom by the exact number. Its more than a dip.
That would pair with the recent climb in April as well, but we havent seen a local uptrend and lower low yet. Many think that 5937 is the bottom, and if so has great. So I believe the best stage that describes our current trend is Capitulation. It goes without saying that mentioning anything about crypto or Bitcoin could strike a nerve with most traders and investors. So what stage do you bitcoin market cycle gif think were in? Capitulation: those that are left, realize its not the bottom and they need to pull all their money before they lose everything. The big question on most minds is this: where is the bottom of the BTC and the crypto market? Do your research to find the bottom 10 and make your decisions there. What Stage Are We In? If thats the case, you can forget about any altcoins during the time being.
Depression: a third low, where the people have gone too emotionless to care about price action anymore. Denial: a stage where we have assumed its a bad situation, but second guessing ourselves about the downward process. We could make a case with anger, especially with many Crypto Twitter personalities fighting each other. People are getting liquidated to the point that they cant do anything but stay in fiat or Tether. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Run of the mill traders scramble to keep their profits or deal with the constant downtrend. Most people dont see it going down forever, being bullish in years to come, and this must turn around at some point if this is the case. That will allow you to be the most prepared (and the most sane). It would bitcoin market cycle gif be a stage that describes prolonged portfolio destruction.
So I think this is the stage that plays well. Panic, capitulation, and anger describe crypto markets and crypto Twitter very well at the moment. But its also something not on the scale of portfolio annihilation. We know at a minimum that we are not in the following stages: Disbelief, hope. 4.5k, online, a community dedicated to Bitcoin, the currency of the Internet.
No one knows where the bottom. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome. You know the one with all the stages of a market cycle. But I sense that capitulation is where were at with some blending on the bottom of panic. If it beaks, the next supports are at 43004600. Anger: after realizing it wasnt a free fall, but it still went down lower, they become completely enraged that this would happen so soon.
Its designed to tell stages, not prices. Some believe 5k, 4k, and bitcoin market cycle gif even. The best answer is to not try and predict the movements of all the markets, but to prepare TA and risk management for every scenario with its opportunity costs and benefits. Euphoria is long gone for now, so we dont know the bottom, but what about that Wall Street cheat sheet we keep seeing? My only suggestion right now is dont worry about catching the bottom because you may miss. Lets go over the rest of them briefly. Bitcoin Market Shake Up as Tether Losing Dominance Steemit in Trouble Cryptocurrency News. Bitcoin Cycles - A Trader's Perspective.
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Submitted 2 months ago by Fallenkeith75redditor for 2 months. The story originated from, business Insider. So we dont know the bottom, but what about that Wall Street cheat sheet we keep seeing? Bitcoin has cycled through booms and busts four times in eight years. Some believe 5k, 4k, and even. Generally, in the summer everything shifts back by one bitcoin market cycle gif hour.
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