Bitcoin Forum

According to this wall street cheat sheet which is now is accurate. We are still going to be tackling a more bearish market  because we are only on the panic stage in my opinion.
https://i.imgur.com/f7pfm25.png

This is the chart of bitcoin that i put label according to the wall street cheat sheet of market cycle.
For me this has the best possibility to happen because bitcoin used to crash -87% before and recovered to create new all time high. We are bullish in the long term so this is the best time to buy.
https://i.imgur.com/I1Ed5IZ.jpg

What are your thoughts about my observation ?

i think this summer bitcoin will go down to 3000 $

me too. and i think it will go lower than that, let's hope im wrong ut either way it does not change the fact that i am very bullish for blockchain in terms of long term perspective.

for now it's better to move assets into usdt or fiat money and come back when the market is at its lowest point this year, then we start and plan new investments.

The fact is, you might miss the move if the market won't do as the pic says it could do. And nobody will ever predict the exact top or exact bottom of any financial market. So if you are bullish in the longterm, we are in the lows, get in or you might miss the move. Or of it is okay for you to miss the move, and you have a lower target to get in. That's also okay, not a financial advice though. It's just my opinion.

I think now many investment tools are not useful for cryptocurrency market. I don’t think BTC will down to 3k. 5k is lowest point. You guys just turn into USDT now and make BTC even lower. I will keep buying for the next few days.

This certainly does not add optimism, but there is such an influence of some people who are panicking and are trying to shake up and so a difficult situation in the market. We hope for the best and the onset of the bullish trend is closer to the autumn.

If you turn on Log charts on trading on week candles it looks very same when it was falling from 1200 usd few years ago) Looks scary) after the previous situation it was almost flat more than a year long) Are you ready for this)?

I don't think that's the best move as you don't know if market is going to follow the chart. May be convert some to fiat if you feel fearful.

I think it does not make sense, we now may be at any stage right now that's really not clear. We can see $3000 and as well as $10.000 most agree with that.

Yes, I believe the market will fall more and by summer it will rise and the bull period will come in, that is why I am very patient with coin that I hold because I know as soon as the market recover, this coin will increase higher than they were before the dip came in.

I believe the graph is incorrect, we are already at the anger stage and it is bottoming out. It will flatline at around $5000 before pumping back up to new all time highs. The suckers rally is also incorrect, it will be a few dead cat bounces on a long term trajectory upwards

I think this is your personal opinion according to most technical traders the wave has almost completed and we are in depression phase now and the next wave up will start soon, it is expected that market moves and volume will become positive in coming weeks.

Looking at the chart, I think we are now in the anger phase, I don't think you know what people are passing through, some have lost over 90% of their portfolio and uoy are saying panicking, there are some tokens now that the only thing one can do is just to forget about it because the price as crashed to the floor and no one is buying them even at that price