I think markets go in cyclical patterns, and they follow some general guidelines. I found a chart that I think shows what has been happening and what feels likely to happen.
Panic to me represents a black swan.
Discouragement is the fall out from the black swan.
Wall of worry is the tentative climb back up.
Anxiety is pulling into the moving averages.
Aversion is back testing the support line.
Denial is people can't believe it's finally recovered and they're waiting for it to go lower and shorting it.
After Denial is when big players liquidate all the shorts and send it.
So far so good.
This isn't meant as trading advice for you as much as it's just documenting my journey in charts, crypto, and trading.
Number 1 rule is don't get rekt.
https://leofinance.io/threads/@globetrottergcc/re-leothreads-2cvvydzk
The rewards earned on this comment will go directly to the people ( globetrottergcc ) sharing the post on LeoThreads,LikeTu,dBuzz.
We soon see 😆👌☕🍰
No one can predict the direction of the market now because there are a lot of events happening these days and this is not a good time to invest 😎
You should just buy low and sell high.
Makes things much simpler.
Lol the easiest way to put it.
Looking good so far. I bet the US Gov is not happy, as it seems the bank crashes were supposed to take crypto down with it.