The altcoin market has been bleeding out for two straight years now after bitcoin and cryptocurrency took the world by storm in late 2017.
Bitcoin wall street cheat sheet.
Btc chart by tradingview.
It s quite easy to see that the bitcoin price cycle closely resembles this.
The bitcoin market alone has seen at least three major market cycles that could be grafted over this general template depicted below.
For many years investors have studied the market emotion cycle using the wall street cheat sheet.
Market psychology suggests altcoin investors are in disbelief about coming bull run.
But now it s all over the news most people have at least heard of bitcoin banks are using blockchain nasdaq opening crypto exchange etc.
Get 10 in free bitcoin when you sign up at coinbase and buy or sell 100 in cryptocurrency wall street cheat sheet bitcoin 2016 2019 contains information about the following cryptocurrencies.
Are we in between the optimism and belief stages.
I would bet my left we won t be in a bear.
Bitcoin wall street cheat sheet.
It s a generic pattern not taken from any actual chart that this staff writer is aware of and thus any asset bubble can fit within the pattern.
The wall street cheat sheet and how it applies to crypto bitcoin and the overall market cycle.
The wall street cheat sheet shows the market cycle of a hypothetical asset bubble bursting after a so called parabolic price runup.