[BTCUSD] Denial Stage. Prepare for Panic to follow.

2019年10月7日My observation is that we are headed for next two stages of bear cycle in the next few months leading up to the Feb 2020. What I see in the market right now is denial stage of psychology of market cycle. that means people believe that there is not much more to the downside. People still believe this is a short term pullback and willing to sit underwater. What follows hereafter is panic. we will see sharper price drops and people will start to sell their positions especially the underwater positions. that will escalate quickly to a capitulation which is final stage of bear market. I suspect final bottom in BTC will be in by Q1 2020. Plan accordingly.