A Sign of Good Times Ahead for the Crypto Bulls?

in #life5 years ago (edited)

As many of you aware, the "Wall St. Cheat Sheet" is a good indicator for analysing general market sentiment from a sociological point of view. And pretty accurate I've found it to be from past experience. Just to provide a refresher in regards to the chart, here is it below:

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Now, general public opinion seems to have us at the "capitulation" phase of the chart. And, as always, one of the best places to find evidence of this is at YouTube where we have all enjoyed our pick of the litter of people who give us their take on what's "really" going on. Although throughout the bear market, I have witnessed a slow but steady drop-off in the number of these same vloggers that simply decided to fall away, hence giving more credence to the "capitulation" argument. Just goes to show how infectious the "gold rush" period of 2017 was.

Well, fast forward to today and I wonder where on the cheat sheet we'd be now? Well, "anger" is the next phase and would you believe it, but the YouTube spats have started now. Of course, when the times are good, everyone is encased in bliss and contentment. No room for disagreements when things are going great. But when the well runs dry, so do the wagging tongues. From the likes of Suppoman to Crypto Daily to High Altitude Investing. There's a storm brewing between these big names within the YouTube eco-sphere. Very interesting to watch, as it's playing out exactly like how the chart predicts. Which leaves only the final stage of...

"Depression", the longest of the fourteen phases. So, assuming this is playing out as it appears to be, we are very close to the end of the bear market. And obviously so I guess, as space is fast running out to the downside. I'm quietly confident that this is the time to be HODLing like no other. Look at the signs and take them at face value. The element of human psychology might just have more leverage in this game that we might initially think.

As always, let's wait and see. But I see things as actually looking mighty positive from this particular standpoint. The only question now being... How "long" till the big turnaround?

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Hope you enjoyed this post, please look out for more on the way... (author: @ezzy)


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I'm still not depressed or angry... I would only get depressed and angry if BTC went to sub 1100$... It takes a lot to get me depressed! If I wanted a "safer bet" I would have bought stocks, I knew what I was getting myself into...

In my opinion, we still haven't had enough blood on the streets for a reversal... there are still way to many people waiting for BTC to go bull! If u go and take a look at twitter every 20 bucks pump makes the whole crypto scream "moon!!!", after a few hours-days they get dumped on and scream "correction!!"...

I don't understand why people want the market to reverse so soon! If we reversed right now and we went to 100k as some people say, the number of bad projects that would be siphoning away money from good projects would be overwhelming! Just go look at coinmarketcap and check out the number of cryptos we have ! 2k cryptos! If we reversed the money that would be entering the market would be split between all of these projects! Especially the dumb money!

We need to kill the market before reversing, so the whole crypto space rises like a phoenix from the ashes!

Controlling ones emotions is key to keeping a level head and making the right moves. I guess we're like the "observers", checking in like it's a game of Sim City, lol. But yeah, even if the markets remain at these levels for the next year or so, you won't hear me complaining.

HODL, HODL, HODL!!! :)

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The interesting fact is that we will not know for sure the phase we are in until it is already over so the best option is to really at least hold at theis point and if capital is available, some opportunities may arise to scale into position whether to improve cost basis or to accumulate.

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Couldn't have put it better myself. :)

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