Wall Street Cheat Sheet Psychology of a Market Cycle on Bitcoin
Wall Street Cheat Sheet Psychology of a Market Cycle is a very famous one among traders and investors. While this sheet was made with the intention of Stock Market, I see it's been used much in Crypto world as well.
In this chart I try to plot the respective psychological stages in the chart it self based on my interaction with local traders/investors. This is not an accurate as it's only reflects my personal view. Anyone can interpret this differently based on their social sentiment.
Something additional I have added are;
Line of Disbelief: This line indicates a price point where many people will have a disbelief of the price action
Line of Hope: This line indicates a price point where many people will move from Disbelief to Hope
Credits: wallstcheatsheet for building
Hope you liked it, as always share your views and criticism.
In this chart I try to plot the respective psychological stages in the chart it self based on my interaction with local traders/investors. This is not an accurate as it's only reflects my personal view. Anyone can interpret this differently based on their social sentiment.
Something additional I have added are;
Line of Disbelief: This line indicates a price point where many people will have a disbelief of the price action
Line of Hope: This line indicates a price point where many people will move from Disbelief to Hope
Credits: wallstcheatsheet for building
Hope you liked it, as always share your views and criticism.