SOL Bottom
This is more of a lesson on Psychology of Markets and how it can be used as confluence in helping identify bottoms.
Crypto is very cyclical and there are tons of emotions involved, especially for novice members.
Crypto also has many beginner investors that enter, as the user base is primarily younger generations dipping their toes in on perhaps generational wealth.
I have traded crypto markets for 6+ years now and been involved with 3 market bottoms now.
This is the exact type of chatter/doomsville posts you see at the bottom of markets.
Remember, 99% of investors are euphoric at the tops, 99% of investors are fearful at the bottom.
I am heavy Long on SOL, not just from technicals, but now increasing confluence with market participants emotions.
https://advisor.visualcapitalist.com/wp-content/uploads/2020/03/MM4_Investor_sentiment_V3.jpg
Crypto is very cyclical and there are tons of emotions involved, especially for novice members.
Crypto also has many beginner investors that enter, as the user base is primarily younger generations dipping their toes in on perhaps generational wealth.
I have traded crypto markets for 6+ years now and been involved with 3 market bottoms now.
This is the exact type of chatter/doomsville posts you see at the bottom of markets.
Remember, 99% of investors are euphoric at the tops, 99% of investors are fearful at the bottom.
I am heavy Long on SOL, not just from technicals, but now increasing confluence with market participants emotions.
https://advisor.visualcapitalist.com/wp-content/uploads/2020/03/MM4_Investor_sentiment_V3.jpg
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.