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Phi-Deltalytics
Nov 27, 2019 8:04 AM

BTC - still in the "Early Phase" of the next Bull Cycle 

Bitcoin / U.S. dollarBitstamp

Description

By demand, this is a modified version of a prior idea. Despite the recent BTC drop, we are still at a very similar price pattern compared to the historical BTC disbelief phases. This phase occurred after 80-90% price drops (mid 2013 and 2014-2015) and initiated the 11x and 84x extreme bull runs in the past few years.

The market cycles are underpinned by human emotions, from disbelief to hope, followed by greed and euphoria, then fear on the downside. Understanding this cycle and having the patience to ride the market waves are two most important factors in profiting in the long run.

“Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”
---- Warren Buffett

Comment

This is how we tie TA and FA together!
Comments
blackbirdrising
Can you update that bottom chart?
Phi-Deltalytics
@blackbirdrising, do you mean the psychology of market cycle one?
jimmy_
@Phi-Deltalytics, It was only half a sucker's rally, I guess?
NeoKlyptic
After every depression phase, the BUMP gets bigger and bigger
Phi-Deltalytics
@NeoKlyptic, exactly. Just a matter of who has the patience to wait out the depression and disbelief phases.
CryptoUltron
Thanks for the analysis! I AGREE WITH YOU
Phi-Deltalytics
@dmx1990, no problem. Good luck trading.
depruem
you're hundred percent right there
Phi-Deltalytics
@depruem, thanks.
asgcorp
nice update. thanks for sharing this!
Here's my review with SL/TP for bulls/bears.
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