“Bull markets are born in despair, grow amid skepticism, mature in optimism, and die amid
euphoria” – Sir John Templeton
The chart shows the classic 4 phases of a Bubble, drawn by Professor Jean Paul Rodriguez.
Mania: "Everyone is noticing that prices are going up and the public jumps in for this "INVESTMENT OPPORTUNITY OF A LIFETIME". Usually there are huge amount of propaganda, press corverage, etc. Everyone (EVERYONE) knows that BITCOIN is the next big thing and everyone is into it.
Inexperienced investors form euphoric expectations about the target price.
Smart money leaves when they have ENOUGH investors purchasing their HUGE positions. This stage´s particular characteristic is that prices have usually risen aggresively and enthusiasm is at its high.
Will we see the Blow off stage soon? we will have to play the waiting game and see what happens.
------Anyways: remember to LONG when price breaks up and SHORT when price break down. Your opinions don´t matter to anyone in the market, just follow price action---------
Saludos.
euphoria” – Sir John Templeton
The chart shows the classic 4 phases of a Bubble, drawn by Professor Jean Paul Rodriguez.
Mania: "Everyone is noticing that prices are going up and the public jumps in for this "INVESTMENT OPPORTUNITY OF A LIFETIME". Usually there are huge amount of propaganda, press corverage, etc. Everyone (EVERYONE) knows that BITCOIN is the next big thing and everyone is into it.
Inexperienced investors form euphoric expectations about the target price.
Smart money leaves when they have ENOUGH investors purchasing their HUGE positions. This stage´s particular characteristic is that prices have usually risen aggresively and enthusiasm is at its high.
Will we see the Blow off stage soon? we will have to play the waiting game and see what happens.
------Anyways: remember to LONG when price breaks up and SHORT when price break down. Your opinions don´t matter to anyone in the market, just follow price action---------
Saludos.