THE MARKET CYCLE IS NOT A PRICE CHART, IT IS AN EMOTION CHART
New users should remember the famous quote by legendary investor John Templeton summarizing market cycles:
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria."
Look at this $BTC chart. It's the same story in every cycle, only the players change:
1. Depression (Bottom)😭: The moment everyone says "Bitcoin is dead" and the black-hooded "Doomer" takes the stage. (2015, 2019, 2022 cycle).
2. Skepticism (Growth)🤔: Price rises, but no one believes it. They say, "It's a trap."
3. Optimism (Maturity)😀: The moment people start saying, "Maybe it is turning."
4. Euphoria (Top) 🚀: The moment the wide-mouthed Wojaks appear, and everyone thinks they are a genius.
Where are we now? According to the chart, the market is currently preparing to transition from the "Skepticism" phase to the "Optimism" phase.
-> People are still afraid; they are still expecting a crash. This is the healthiest fuel for a bull run. Because Euphoria has not arrived yet.
