AskLeo - Where Are We Now?

Low prices with potential further downside momentum, low volume and definitely a quite negative vibe for the crypto market. If you ask me we're still in a bull market, but some might disagree on me and would probably do that with irrefutable proof of charts.

I honestly have no crystal ball to read what's next for Bitcoin and the crypto market, I wish I had one so I could post everything on Hive and we could all get rich, but we don't live in a wonderland.

We live in a world where Ronaldo can crash the price of Coca Cola stocks by taking away two bottles of Coke from his interview table and advise his audience to drink water and a crypto world where Elon can play with the price of Bitcoin through tweets.

We didn't had any shitty tweet from that man lately and Bitcoin still loosing ground and not looking too good. There's talks about death crosses, kisses of death and whatever traders are spotting as renowned trading patterns on the Bitcoin charts lately.

I will personally call this bull market over when we will have a blow off top, but I'm no expert. I might be wrong once again and screw another bull market massive opportunity, but that's not the end of the world, it happened to me in 2017 as well and it got me quite some good lessons to learn.

There's a cheat sheet image in this post and the title says #askleo so we're having another community engagement post where we try to guess where we could be in this four year crypto cycle based on the Wall Street Cheat Sheet Psychology of a Market Cycle. So...

Where Are We Now?

Well, personally I believe we're in the disbelief phase and we've entered it about a month ago, right when Bitcoin refused to jump back to $65,000 after dumping to $30,000. Why I believe we're in the disbelief phase?

Because that's what I see, disbelief. Hard to see anyone still bullish in the crypto sphere atm. I am honestly not felice and excited about the correction, but on the other hand, what would you expect after such a run up?

Do I regret not selling some coins on the way up before the local top? Yes, but that's probably a good thing as I might have a better chance to sell higher before that blow off top. If not, at least I have my bags loaded for the next bull market. Fine anyway...

What about you, where do you think we are on that cheat sheet roller coaster and how's your confidence about being still in a bull market?

Thanks for attention, Adrian

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