Bitcoin Wall Street Cheat Sheet

After the all time high of 20 000 in 2017 btc has remained in a downtrend for 14 months.

Bitcoin wall street cheat sheet.

The market is on the verge of a huge influx of retail and institutional money. The wall street cheat sheet and how it applies to crypto bitcoin and the overall market cycle. The bitcoin market alone has seen at least three major market cycles that could be grafted over this general template depicted below. The wall street cheat sheet shows the market cycle of a hypothetical asset bubble bursting after a so called parabolic price runup.

The altcoin market has been bleeding out for two straight years now after bitcoin and cryptocurrency took the world by storm in late 2017. Are we in between the optimism and belief stages. But now it s all over the news most people have at least heard of bitcoin banks are using blockchain nasdaq opening crypto exchange etc. Market psychology suggests altcoin investors are in disbelief about coming bull run.

It s quite easy to see that the bitcoin price cycle closely resembles this. I would bet my left we won t be in a bear. It s a generic pattern not taken from any actual chart that this staff writer is aware of and thus any asset bubble can fit within the pattern. Get 10 in free bitcoin when you sign up at coinbase and buy or sell 100 in cryptocurrency wall street cheat sheet bitcoin 2016 2019 contains information about the following cryptocurrencies.

Even the recent price action over the last two years backs up the theory according to the famous wall street cheat sheet.