Which BTC phase are we on? The Psychology of Market Cycles 롱

Bitcoin / DollarBitfinex

설명

⋅ 2019년 9월 15일 오전 12시 17분

Let's zoom out of the charts and examine the psychology behind every market cycle.

This Wall Street cheat sheet was published long before Satoshi Nakamoto was known. Looks familiar?

Let us know if you have any questions or comments, and please follow us if you like our ideas or scripts! We are here to help you profit!

코멘트

⋅ 2019년 9월 16일 오전 1시 38분

Another interesting way to look at market sentiment is through google trends, which capture the market's interest in the asset over time and eliminate the noice from the price difference between different cycles. Here's the google trends for Bitcoin:
trends.google.com/trends/explore?date=today 5-y&q=bitcoin

We are currently at a level similar to that of July 2017.

코멘트

⋅ 2019년 9월 17일 오전 5시 27분

Updated with Google Trends.

Beyond Technical Analysis

코멘트

hermandlo

⋅ 2019년 9월 16일 오전 2시 47분

Wtf are you talking about...we had three 80+% drops and each time average 5x move w/ higher lows. This is a massive multi decade and even century bubble inverse to the USD.

MFT_HCl

⋅ 2019년 9월 29일 오전 12시 50분

@hermandlo, like

Plaxidoeda

⋅ 2019년 9월 15일 오후 9시 14분

What if the 14k hit was already the Euphoria phase? And we are now at Denial.
Possible right?

BorisPoff

⋅ 2019년 9월 16일 오전 3시 0분

@Plaxidoeda, possible but what was the 6-3.5k phase? It was several months long.

Phi-Deltalytics

⋅ 2019년 9월 16일 오전 4시 28분

@Plaxidoeda, the 14k was a bit quiet for us to be the Euphoria phase. Check out the following google trend for BTC. It captures the market sentiment better than looking at charts alone. trends.google.com/trends/explore?date=today 5-y&q=bitcoin

Plaxidoeda

⋅ 2019년 9월 16일 오전 9시 44분

@Phi-Deltalytics, Thanks for your comment. But this trend research wasn't scored high either in the previous rally's of BTC in 2013/2014.

WorldEconomics

⋅ 2019년 9월 15일 오후 10시 37분

How is $3,080 to $13,900 Disbelief? If you follow this blind optimism, you would soon be in depression. Probably one of the worst charts of 2019.

BorisPoff

⋅ 2019년 9월 16일 오전 1시 54분

@BankofEngland, there are a lot of people, you included, who are apparently in disbelief. The disbelief phase is the one when people do not believe that there’s any growth left in an asset after many months of severely depressed prices. The volatility during Depression remained extremely low. The many weeks around 3.5K were all the tell tale signs of that phase.

Now is the Suckers rally phase when vast masses of people are in disbelief that the new growth cycle may begin. Price typically jumps up, seemingly from nowhere (e.g., from 3k to 14k) but the herd doesn’t think it’s really a turning point. They believe that this rally will fail like the ones before it. That’s why it is called Disbelief.

Good times.

Phi-Deltalytics

⋅ 2019년 9월 16일 오전 4시 30분

@BorisPoff, totally agree.

WorldEconomics

⋅ 2019년 9월 16일 오전 5시 21분

@BorisPoff, Yet, you completely blow off the biggest fact that Bitcoin went from $3,000 to $13,900 in a matter of 2 months. This blind optimism is what caught traders like you upside down with heavy loses. You come on here, get fooled by countless charts showing Bitcoin hitting $50,000, keep in mind they never post why it will hit $50,000, but you believe it because they drew a line that pointed upward. 90% of all these charts are showing the price exploding towards mars with unrealistic targets like $20,000-$50,000 without rhyme or reason. The reason Bitcoin shot up to $19,800 was because it gained MASSIVE coverage in the media. Then CME Group listed it on the market (which was probably the biggest reason). Lastly, Bitcoin went from being traded on almost any exchange world wide. So, whats pushing it up now?