I am by no means an expert in T.A. - this is a very simple observation and any comments/criticism is welcome.
Bitcoin chart does appear to be following the traditional market cycle as exemplified by the infamous 'Wall Street cheat sheet'. I have tried to approximate the different stages of the cycle in this chart.
There is no saying whether BTC will follow this path to the letter, or if the Depression/Disbelief stage will take this long given the bullish fundamentals of the crypto space as a whole.
It will be interesting to see if BTC follows this path. If so, get ready for 2k Bitcoin.
Bitcoin chart does appear to be following the traditional market cycle as exemplified by the infamous 'Wall Street cheat sheet'. I have tried to approximate the different stages of the cycle in this chart.
There is no saying whether BTC will follow this path to the letter, or if the Depression/Disbelief stage will take this long given the bullish fundamentals of the crypto space as a whole.
It will be interesting to see if BTC follows this path. If so, get ready for 2k Bitcoin.
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Seems like we are in Denial