Sometimes if i find it hard to decide i just check and look the cheatsheet and compare it to other chart at current stage looking at the Hive chart 4hour timeframe it just look like were at depression stage. Please not that this is not a financial advice
always do your own research and trade at your own risk.
What is the wall street cheat sheet?
The Wall Street Cheat Sheet shows the market cycle of a hypothetical asset bubble bursting, after a so-called “parabolic” price runup. It's a generic pattern, not taken from any actual chart (that this staff writer is aware of), and thus any asset bubble can fit within the pattern
4hour timeframe Hive/Usdt
Are we on depression stage?
For my comparison using Wallstreet Cheatsheet i can say that we are. For me as new trader. It feels like sometimes i losing my selfconfidence and hope over and over after losing many trades. But seeing this cheatsheet giving me hope that market will soon recover. I can't say that it is today, tommorrow or the nextday
what can i do is to hold on what i believe to be and follow the market where it goes
and manage my risk.
Conclusion
The best solution to managing emotions during this bearmarket in the crypto world is to lower your trading size to an amount that is enough to be meaningful but not so big that it brings your emotions and ego into a trade or trade only what you can afford to lose.
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