The Crypto Cycle Explained.
Stage 1:
No one (or at least, the masses) don't believe the bear market is over.
"IT'S A BEAR MARKET RALLY"
Stage 2:
Most are bearish but they're less noisy.
Many still don't believe the bull market has began and they're waiting for new cycle highs or some other future event to happen, meanwhile missing easy gains.
"THE BULL MARKET WILL ONLY BEGIN WHEN (xyz...)"
Stage 3:
This is where we are at right now.
Everyone, or at least, the mass consensus is bullish.
The general sentiment is that it has only just begun and even "nothing can stop this".
"THE BULL MARKET HAS JUST BEGAN"
On the other side of the equation, we are now in what I have termed the "Late Retail" stage.
If this is you, that is OK. Everyone was late retail once.
But do know that the "Smart Money" and even some "Lucky Retail" are beginning of off load at least some of their bags to the late comers capturing significant gains.
Remember that nothing lasts forever.
Annica (รฆnikษ) - Impermanent. True of life, and the market. All cycles come to and end.
That's also not to say the market can't go considerably higher.
But it is to say, that the bull market is beginning to run on borrowed time.
Lots of time can be borrowed, though. As in, there is no limits to irrational behaviour which could push prices higher than anyone thought imaginable.
But it also means that it is time to play good defence as the cycle could literally end at any moment.
The volatility and emotions in the market are next level and they're only going to get more extreme, at least that is typically how it is and we're already seeing signs of this.
It is more important than ever to remove the noise from your environment and remain balanced.
Make the most of it if you haven't already, have an exit plan in place for WHEN (not if) things turn south, and stay focussed.
Best of luck.
@Jocelyn12081709@BullyDCrypto I don't think it's a good idea to short this move. Only short it, if you see a conformation. Keep in mind even on 4h we're on a trend up right now since yesterday. Look at EMAs (50 200) It's tricky right now. If you're not a pro trader sit it out and wait.
@rovercrc Of course it would.
At least it would solve some $ problems and not to need to think too much anymore about $. This would help to have a healthy mindset and not to stress out.
@DeeStarB Yeah I have the same opinion and Ran every time called coins they already rallied or are on the way down some days later and too much hype.
The only persons on Banter I know that are doing TA is Sheldon and Kyle but both aren't as good as Annii ๐ฏ
In 2019, after two sleepless nights coding at ETHGlobal New York, @deacix and @k06a unleashed the unstoppable force of 1inch onto the blockchainโlike Bruce Lee's legendary 1-inch punch๐๐ฅ
Today destiny comes full circle as we join forces with @brucelee โฏ๏ธ
#TakeCryptoSeriousLEE
@tradetravelchil Surely you have to look for your self first. That you ask here whether you should care first about us, shows what kind of person you are. Thanks for everything get better soon. Depending on your disease small easy exercises can help to push the serotonin and dopamine too :)
@tradetravelchil Try to use the Asia UK session from some days ago. Longed on 15 min hammer after drop down (Feels like reversal). But still have my shorts open. Thanks ANNII for are your knowledge sharing