The image on the left is an image which circulates a lot on social media, it's a classic view on the market from start to the end of a market cycle.
With the bull-market and the worst part of the bear-market behind us, it's time to determine whether this move is real or not.
Personally, I think it's unlikely that we're going to make new lows in the future. Sure, we can correct downwards back below 20k, but 15k is unlikely at this point. Consequently, that would mean that I think we're currently in the "Disbelief" area.
Close to the anger top. Maybe deviation to the 29k then nuke to the 13k
TradingOn
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@CaesarApe, I agree! Better not miss depression low.
PensieriParole
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i think all 2023 will be volatily, btc could pump to 30k and dump to 20k again, bullish will start in 2024, cycle is 4 years , why people call bull right now? After Ftx , Luna and many other reckt project where million small investors lost everything how could people call bull? this for me is just whale manipulation ,when this fews big whale think they have good profit you will see huge sell off. blockchain investors lost faith and need time to gain trust..lot corruption and dirty game around crypto.
stickybun
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I think the bullish market underestimates the lagging effect of sticky inflation and high interest rates. I think we have not bottomed yet. Also from a SPY perspective 20-25% from top is not much after the crazy money printing. It feels like this is only the other side of the December tax sales cycle as well as FED secretly not quite executing its QT plans. Nevertheless I can't wait for a confirmed bullish turnaround myself, having started to invest in Q1-21, on the top.
BigFrenchChicken
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@stickybun, truly, I am surprised we have not had any bankruptcies yet. The cost of capital went from 2% to 6% and nothing. All of these companies are taking debt (usually a 2-5 year refinance schedule) and no one has had to go to market and issue shares because they couldn't afford to roll their debt forward.
MG1986_
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Euphoria
FieryTrading
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@MG1986_, Can you explain why? I the euphoria phase was in Q1 of 2021, back when there was the highest retail participation.
MG1986_
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@FieryTrading in small part every stage has an small circle In my opinion we are at euphoria part of denial stage
MonoCoinSignal
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Good TA
vnaeli
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disagree. disbelieve is typically followed by oblivion, none of us forgot ftx