People will say:
But then it was a bear market!
I say, it's just an idea, but it's interesting cause I remember when it made that pattern and fell 50% from 6000, then the moment came and I designated, then my first Bullrun dream was really over.
I stopped to watch the charts for a while before I was watching it daily.
So from pure observing objection. It was the moment that made me quit. So why should I think I was the only one? Did I buy at 3000 in the of 2018? No! Should I have bought it? Hell yeah!
Market psychology is important to understand. And it seems to me, that newer guys lost now lots of money and get shaken out by that long uncertainty. Understandable, everybody in social media, YouTubers... everybody turned bearish.
In a end of a bull run we saw big movements up and down. And at these two occasions, we saw brutal downs and sideways movement.
Im still optimistic to see a peak this year, or the beginning of 2021.