Bitcoin - Hold On To Your Pants People!

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Don't get too carried away gang, we are still in bear market.

If you understand the basics of market cycles, this daily volatility matches up perfectly with the complaicency stage of the cycle.

We are starting to see "Complaceny, Anxiety and Denial" An awful lot in the media which results in high emotional volatility as people panic buy and sell. This stage in the cycle is where most people give their hard earned cash back into the market as they do not commit to a direction to trade in.

1. Typically begins with a harsh sell off, followed by a sharp bounce as participants all agree that this is what the market needed to continue bullish.​
2. The rally never reaches the previous all-time high and price drops a second time – This is when panic begins to take over
3. Distribution is very emotional and extremely high volume while early investors question whether taking profits was the right move.
4. Those who came in late and overexposed themselves are overcome by the fear of losing everything and hope to recover losses as the market makes attempts to move back up​
5. Many participants will settle for breakeven or a small loss / causing even further sell-offs.​

The sharper the rise, the sharper the fall. Be careful and stick to your plan.

We are waiting for new market structre to from, still bearish for now but that could chamghe with a confirmed higher high, new higher low and a break of the 50 EMA.

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