Morpheus on Nostr: Phases of a bull market correction: Phase 1: (5-10% off the top): Still widely ...
Phases of a bull market correction:
Phase 1: (5-10% off the top): Still widely bullish. Speculation on what could cause the dump that stopped the momentum. Bears come out of hibernation.
Phase 2: (10-20%) Bullishness still around for most, constant calls for reversals that never happen. Bears start prolifically posting and going viral. Bearishness now taking over the entire timeline. Main characters become punching bags and hyper-criticized.
Phase 3: (20-30%+) Bulls barely tweeting. Timeline filled with the market psych chart. Many have gone quiet. Calls for giant crashes that never happen. FUD about exchanges and other wild rumors rampant that would never gain traction in other times. Bears posting PnL and wild leverage calling themselves gods. The bottom is in and the MM's push the price 90% higher within 2 months.
Phase 1: (5-10% off the top): Still widely bullish. Speculation on what could cause the dump that stopped the momentum. Bears come out of hibernation.
Phase 2: (10-20%) Bullishness still around for most, constant calls for reversals that never happen. Bears start prolifically posting and going viral. Bearishness now taking over the entire timeline. Main characters become punching bags and hyper-criticized.
Phase 3: (20-30%+) Bulls barely tweeting. Timeline filled with the market psych chart. Many have gone quiet. Calls for giant crashes that never happen. FUD about exchanges and other wild rumors rampant that would never gain traction in other times. Bears posting PnL and wild leverage calling themselves gods. The bottom is in and the MM's push the price 90% higher within 2 months.