There is no denying that Bitcoin has been ripped to shreds by bears over the last several months after setting a new all-time high in November last year.
Months ago, the term “few” was thrown around by the crypto community because not enough people understood the potential of what Bitcoin could do for them financially.
Oftentimes, when the hive sentiment is at its most frothy, deep corrections set the masses straight.
In the comparison above, the 2018 bear market, 2019 to 2020 bear phase, and the current consolidation phase are juxtaposed aside one another.
Bull impulses last a mere 98 days, but tend to takes prices to unprecedented levels.
Edwin “Sedge” Coppock, creator of the technical indicator called the Coppock curve, found that the average time it takes for a human to get over mourning a loss was an average of 11 to 14 months.
While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.
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