Are we in between the optimism and belief stages.
Bitcoin wall street cheat sheet.
After the all time high of 20 000 in 2017 btc has remained in a downtrend for 14 months.
The bitcoin market alone has seen at least three major market cycles that could be grafted over this general template depicted below.
It s a generic pattern not taken from any actual chart that this staff writer is aware of and thus any asset bubble can fit within the pattern.
The altcoin market has been bleeding out for two straight years now after bitcoin and cryptocurrency took the world by storm in late 2017.
Btc chart by tradingview.
The wall street cheat sheet shows the market cycle of a hypothetical asset bubble bursting after a so called parabolic price runup.
Market psychology suggests altcoin investors are in disbelief about coming bull run.
Even the recent price action over the last two years backs up the theory according to the famous wall street cheat sheet.
It s quite easy to see that the bitcoin price cycle closely resembles this.
I would bet my left we won t be in a bear.
The wall street cheat sheet and how it applies to crypto bitcoin and the overall market cycle.
Bitcoin wall street cheat sheet.
Get 10 in free bitcoin when you sign up at coinbase and buy or sell 100 in cryptocurrency wall street cheat sheet bitcoin 2016 2019 contains information about the following cryptocurrencies.