Lets get one thing straight, Market Psychology has not changed between 2014-18 & all of the tech progressions have been priced in, the price has risen with the fundamentals.
So now everyone is wondering when is the bottom? First you need to understand where we are in the market cycle.
The chart shows the stages of where the market has been since the last bubble and where it is at now, Here is a description of the phases.
The Accumulation Phase: This phase occurs after the market has bottomed and the innovators (corporate insiders and a few value investors) and early adopters (smart money managers and experienced traders) begin to buy.
The Mark-Up Phase: At this stage, the market has been stable for a while and is beginning to move higher. The early majority are getting on the bandwagon. This group includes technicians who, seeing that the market is putting in higher lows and higher highs, recognize that market direction and sentiment have changed
The Greed or Late Majority Phase: During this stage, the late majority jump in and market volumes begin to increase substantially. At this point, valuations climb well beyond historic norms, and logic and reason take a back seat to greed. While the late majority are getting in, the smart money and insiders are unloading.
The Distribution Phase: In this phase, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Prices can often stay locked in a trading range that can last a few weeks or even months. But the distribution phase can come and go quickly.When this phase is over, the market reverses direction.
Mark-Down Phase: The final phase in the cycle is the most painful for those who still hold positions. Many hang on because their investment has fallen below what they paid for it, behaving like the pirate who falls overboard clutching a bar of gold -2.28% , refusing to let go in the vain hope of being rescued.
I believe the mark down phase is about to get into full swing
Waiting for the Accumulation Phase To Re-enter long positions
Follow for updates
That is also my setup. I will start to buy at 5000.
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Recommend reading all articles on market cycles
The description to describe the market phases taken from this website.
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description for the market phases taken from this website: https://www.investopedia.com/articles/technical/04/050504.asp recommened read
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If you not able to write a unique catchy content then I have an offer for you I will write 10 posts for you, in return you have to give 1 steam dollar
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As i see it, we are in the middle or the end of accumulation stage. I don't think the price will fall to 5000$.The mining cost must be lower than the price and (of course) having some profit.
i think bitcoin's time is ending now so now investing is Lil bit risk now if any have any other investing platform than reply me so i want to invest a $100 and i want a good return so thats why...!
yes thats true .this market is not make you millioner in one day.it always check your stamina of holding. more you hold more you earn....
We need patience for long term investment but it gives big profit.
I believe that the accumulation period will oscillate between the 5k & 8k levels. However, there's money to be made if we're looking at certain ICO's or upcoming news/releases.
Cheers
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So many people would be better off just understanding the cycles of a growing market. Especially an exponential growing market. We are most definitely in an accumulation phase. I've been buying hundreds of thousands of coins and tokens in the past month. The only thing is how long before we start to run up again or mark-up. Cheers great post!
With countries like Venezuela with low rates of around 550$ one cannot really tell when BTC will bottom
hi frnds i follow u