I found this amazing wall street cheat sheet which depicts the psychology of a market cycle.
Wall street cheat sheet psychology of a market cycle.
Let s take a look at h.
It s quite easy to see that the bitcoin price cycle closely resembles this.
Just as bitcoin is another asset class cryptocurrency it also goes through different psychological market cycles as well as others.
After the all time high of 20 000 in 2017 btc has remained in a downtrend for 14 months.
Based on what i hear i think we are currently somewhere between optimism and belief.
Wall street cheat sheet psychology of a market cycle.
This is true for dalal street and possibly every stock market in the world.
Wall street cheat sheet psychology of a market cycle.
Ticker trading ideas educational ideas scripts people.
For many years investors have studied the market emotion cycle using the wall street cheat sheet.
You can t polish a turd.
As a discretionary note i will say though that this cheat sheet doesn t apply to all coins.
Make sure you check yourself before you wreck yourself as the saying goes.
And the constant balancing act between the two creates a cycle of market emotions.
Especially for the sh tcoins.