AskLeo - Where Would You Currently Pin The Crypto Market on The Wall Street Cheat Sheet?

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It's that time of the year again when we would have a look at the Wall Street Cheat Sheet and have a guess at where the crypto market might be right now. I have had several posts like this one and the only one I remember, who about a year ago pretty much nailed his predictions was @trumpman.

As far as I can remember, he answered about a year ago that we were in the euphoria phase... and the man was right. BTC has had its double peak months after the post I mentioned about and entered a bull market afterward.

If we are to take into consideration that the ATH for BTC was recorded back in November 2021, then we can state that we are already eight months into the bear market. Considering that we didn't actually have a blow-off top for BTC, I believe that we won't be having a proper bear market either.

When I say proper bear market I'm actually pointing to a two years long one. So, where we could be on the cheat sheet right now? I'd say between anger and depression. I sure know that I have overcome my anger period regarding crypto, but I have no clue how long it will take until we start climbing once again.

Another so-called metric that I'm using to guess where on the hell are we on that chart is the sentiment we get from CT regarding crypto. It's kind of quiet, don't you think?

I remember well enough how vivid CT was about a year ago when we were supposed to see BTC conquering $100,000. Well, looks like $69,000 was the top and probably $17,500 was the ultimate bottom for it. We'll see about that in the months to come.

Anyway, time to close this #askleo shitpost so, what's your take on the topic?

Thanks for your attention,
Adrian

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11 comments
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Btc was believed to white that 100k mark but then I guess much of it play on the fundamentals and the musk issues. Much of crypto volatility to learn. Hope for a time when some solidity will be a thing. Till them.. we do crypto..

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I'm not sure this chat can even apply to crypto markets lol but I'd put us at the disbelief. A feeling of hope and a impending rally seems to be the focus now for many.

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Let's rather revisit this in 6 months, after all, it's only hindsight's opinion that counts... every opinion is worthless unless it's accurate.

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(Edited)

Imo we are heading to a many years long depression, if not a civilization collapse as we know it, so I stopped gaf a long time ago and try to enjoy life as much as I can these days. Tldr, there's still a long long way down 🤣

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Civilization collapse sounds good. Maybe we can have a better one afterwards.

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I have seen this before and every time you only care to look when the bear shows up, otherwise you only see the moon where it is not even attainable.

!BEER

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