Few will agree, Many will disagree .. KEY : that's the point
Hello,
Few will agree on this perspective of the emotional market cycle and many will disagree, I'm Sure because of the feelings they are experiencing and getting from each other is might be different than the current phase or previous phases description, also they might get fooled by "where
was the denial exactly" because apparently we have broke some major support (trend/area) lines " THEY SAY" ..
At any moment we are going to reverse or dip again right?
i believe we dipped already and if i have to wait one more dip it would be the depression dip and i'm not going to wait forever for it because we might be having two phases at time also it can't be any far from here !! .. 5k .. 3k even 1k scenario lolll sure why not better we shake the noobs and let them FOMO back in later at higher prices ;)
I want to break down some few of the "MANY" critical reasons why i see it this way and this way only at the time being :
1.we are making a correction from a parabolic bullish market cycle not just any cycle, so our disbelief is where exactly was prior the rally.
2.i've switched back to the linear scale ever since we broke back down from the channel that we were "i assume everyone knows it" not to be misguided, exactly happened back when i had to switch to log scale from linear the time we broke upside the tops resistant trend line.
3.obviously we are still in a temporary "bear market" ((which i call a needed correction)) as i'm writing this but differently bears has lost a lot of steam and they need to cool off or get rekt easily coming days, why? because their targets are no longer that easily given and if you want to calculate the risk and reward ratio .. you are welcome.
some basic analytical notes that most bulls have lost during the panic and anger from the price declining or bears from being thrilled and greedy at their upcoming euphoria :
1.we are still far from 1 of 2 of the strongest and longest trends
2.we have bounced already before touching the first of them
3.all oscillators and indicators are resetting at the time being "daily,weekly,monthly"
4.all oscillators and indicators are being over sold or just getting into "daily,weekly,monthly"
5. do i really need to put up some more ?
disclaimer and some humble advises i keep telling to my self specially these days - we might be having both of the anger and depression phases at one time " hello its bitcoin " .. don't be so greedy by closing your short if you r still holding one " this one for bears not me because i never in shorting crypto " , don't be so greedy by picking a bottom trying to catch the lowest possible because you will not have one you can get lucky once or twice but not forever just do some ladder averaging the entry price " also for you because i go all in :D but i ladder in margin only " .. no margin for now " that's because of the volatility " which might make me lose some unnecessary funding fees according to the low volatility i'm expecting these days and there is some price manipulation accrues specially in such phases also i might be wrong at the end :) so better i HODL my coins than just get easily rekt and liquidated from my long calls.
Trust your analysis no matter what, accept the failure and learn the lesson.
GOOD LUCK EVERYONE
Few will agree on this perspective of the emotional market cycle and many will disagree, I'm Sure because of the feelings they are experiencing and getting from each other is might be different than the current phase or previous phases description, also they might get fooled by "where
was the denial exactly" because apparently we have broke some major support (trend/area) lines " THEY SAY" ..
At any moment we are going to reverse or dip again right?
i believe we dipped already and if i have to wait one more dip it would be the depression dip and i'm not going to wait forever for it because we might be having two phases at time also it can't be any far from here !! .. 5k .. 3k even 1k scenario lolll sure why not better we shake the noobs and let them FOMO back in later at higher prices ;)
I want to break down some few of the "MANY" critical reasons why i see it this way and this way only at the time being :
1.we are making a correction from a parabolic bullish market cycle not just any cycle, so our disbelief is where exactly was prior the rally.
2.i've switched back to the linear scale ever since we broke back down from the channel that we were "i assume everyone knows it" not to be misguided, exactly happened back when i had to switch to log scale from linear the time we broke upside the tops resistant trend line.
3.obviously we are still in a temporary "bear market" ((which i call a needed correction)) as i'm writing this but differently bears has lost a lot of steam and they need to cool off or get rekt easily coming days, why? because their targets are no longer that easily given and if you want to calculate the risk and reward ratio .. you are welcome.
some basic analytical notes that most bulls have lost during the panic and anger from the price declining or bears from being thrilled and greedy at their upcoming euphoria :
1.we are still far from 1 of 2 of the strongest and longest trends
2.we have bounced already before touching the first of them
3.all oscillators and indicators are resetting at the time being "daily,weekly,monthly"
4.all oscillators and indicators are being over sold or just getting into "daily,weekly,monthly"
5. do i really need to put up some more ?
disclaimer and some humble advises i keep telling to my self specially these days - we might be having both of the anger and depression phases at one time " hello its bitcoin " .. don't be so greedy by closing your short if you r still holding one " this one for bears not me because i never in shorting crypto " , don't be so greedy by picking a bottom trying to catch the lowest possible because you will not have one you can get lucky once or twice but not forever just do some ladder averaging the entry price " also for you because i go all in :D but i ladder in margin only " .. no margin for now " that's because of the volatility " which might make me lose some unnecessary funding fees according to the low volatility i'm expecting these days and there is some price manipulation accrues specially in such phases also i might be wrong at the end :) so better i HODL my coins than just get easily rekt and liquidated from my long calls.
Trust your analysis no matter what, accept the failure and learn the lesson.
GOOD LUCK EVERYONE