Even the recent price action over the last two years backs up the theory according to the famous wall street cheat sheet.
Bitcoin wall street cheat sheet.
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Who can guess where bitcoin currently is on the wall street cheat sheet supposedly a cheat sheet 500gameplan pic twitter.
Bitcoin btc has suffered immensely over most of 2018 as it has at some point dropped as low as the usd 3 000 ranges.
By beg news desk.
Michael bloomberg q a.
After the all time high of 20 000 in 2017 btc has remained in a downtrend for 14 months.
So many times in fact that the generic event has been made into a meme which is the subject of this piece.
Wall street cheat sheet.
Cheat sheet via.
Bitcoin btc price in relation to wall street cheat sheet s psychology of a market cycle.
For many years investors have studied the market emotion cycle using the wall street cheat sheet.
It s quite easy to see that the bitcoin price cycle closely resembles this.
What a wall street chart tells us about bitcoin s price.
A recent coin desk report trusts that the bitcoin.
The altcoin market has been bleeding out for two straight years now after bitcoin and cryptocurrency took the world by storm in late 2017.
Investing in financial markets can be an emotional roller coaster and the bitcoin market is no exception.
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The so called wall street cheat sheet or alternatively market cycle cheat sheet.
Before we go into bitcoin analysis lets first understand what is the market cycle according to the wall street cheat sheet for those new in crypto and the emotional reactions related to each phase of this cycle.
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This post was most recently updated on april 7th 2019.