Dear Steemians,
I present today Current Case of Bitcoin and Market Cycle Psychology
. . .
First, I present "A General Chart of Market Cycle Psychology".
The overview is as follows:
( open the image on a new tab, to see it at full resolution )
Bitcoin had a Contraction period from 19.70 K at the beginning of December 2017 to 5.95 K at the beginning of February.
During this time Bitcoin players have gone through all the possible negative states as in the picture above.
On Feb. 16, 2018, starting a new Chinese year and going through the feeling of Contraction now seems to be in a state of Disbelief.
According to Market Cycle Psychology, there is a period of Disbelief.
Then you can grow up Hope and start a new Expansion that makes Recovery possible.
This Expansion phase will pass through the feeling of Hope, then of Optimism and Belief.
There will be the Thrill that will make us buy Bitcoin and tell Everyone to Buy!
We'll get to think we're a Genius and we'll be Rich.
That state of Euphoria is the last one that can lead us to Prosperity up to the Maxim of Financial Risk Peak around a Maximum of 15 K in this case!
RISK DISCLAIMER:
THIS POINT DOES NOT REPRESENT ANY RECOMMENDATION, NECESSARY TO BUY, NONE TO SELL BITCOIN!
THE USER TOTALLY RESPONSES TO THE EVENTUAL LOSS ARISING FROM THE USE OF THE INFORMATION IN THIS POST!
Thank You for reading and your upvotes.
On the same page. have a look at my analysis let me know what you think.Followed.
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Hi @marviyoso!
I've seen the Buy Signals Marked on chart from your post.
That would be the beginning of Hope in a new period of Expansion for Bitcoin.
It would make possible the Bitcoin Recovery, which appears in the "A General Chart of Market Cycle Psychology" in my post.
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You got a 7.37% upvote from @luckyvotes courtesy of @lazarescu.irinel!
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