/biz/ - Business & Finance

We should be thankful for our gainz or at least the fun while it lasted.
While there will always be opportunity somewhere I believe crypto was a once in a century thing.

Where is GME on this chart right now? Complacency?

I honestly can't wait for the inevitable to happen and all the smug "we're geniuses" redditors and newfags to get burned

Same thing every time

pretend for a moment that your mom's life depends on an accurate assessment of this graph. now, where the fuck are we?

WHERE

Where are we right now?

>tfw we're at disbelief

where

Where are we?

We are now entering complacency on the macro cycle. All last yer and this one has been a mistaken belief we're in a bullish supercycle with ridiculous EOY predictions to accompany such a delusion. People are now finally realizing that maybe we're in for a longer haul "correction" - that's complacency. Expect massive dumping when this phase eventually ends. Triple digit BTC is still very possible.

Reminder that we STILL haven't seen capitulation and are, in fact, at the tail end of bulltrap->complacency. Anxiety will begin when the descending triangle we've been in since June breaks down, probably within the next 1-3 weeks.

Where are we?

Last two digits of my post number is how much a Bitcoin will cost in 2020

Also pic related we are still at the complacency stage

Reminder: we are here

>>12442659
so is the US currently in the "Despair" phase? or are we still in "Panic"?

>>12313592
based and cyclepilled

We finally broke the 5.8k support memeline and are entering anxiety. We're slowly getting closer to the bottom, boys.

PANIC IS HERE
WE ARE AT PANIC

>>11393353
Are we unironically in Disbelief? Bitcoin is up a little and yet no one believes that this is a true run, except we all expect it to do under 6k

Reminder that this "rally" is the slight uptick at the "denial" phase. When this fails and we definitively break below 5800k the real panic will start.

>>10822018
have hope faggot

We are now beginning our transition from denial to panic as it becomes increasingly clear that we aren't in a long term consolidation pattern and, accordingly, that the previous $5.8k low will not hold.

Are we at capitulation yet? Everyone I know is crying that we're going down to zero.

Are we at depression yet? Was this failed rally to $10k (which, we must all acknowledge now, will not be attained any time soon) the little peak after anger? Or was it the little peak known as denial?