The wall street cheat sheet shows the market cycle of a hypothetical asset bubble bursting after a so called parabolic price runup.
Bitcoin wall street cheat sheet.
The market is on the verge of a huge influx of retail and institutional money.
But now it s all over the news most people have at least heard of bitcoin banks are using blockchain nasdaq opening crypto exchange etc.
The altcoin market has been bleeding out for two straight years now after bitcoin and cryptocurrency took the world by storm in late 2017.
Are we in between the optimism and belief stages.
It s quite easy to see that the bitcoin price cycle closely resembles this.
Btc chart by tradingview.
For many years investors have studied the market emotion cycle using the wall street cheat sheet.
The wall street cheat sheet and how it applies to crypto bitcoin and the overall market cycle.
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 bitcoin market alone has seen at least three major market cycles that could be grafted over this general template depicted below.
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.
Bitcoin wall street cheat sheet.
I would bet my left we won t be in a bear.