So, friends, we are back here again. The market is at a peak of euphoria, everyone is rejoicing, optimism is overflowing, and it seems like this will last forever. Every news is a reason for joy, every correction is just a chance to "buy on the dip." But here’s what’s important to understand: even if the market is still filled with positive sentiment, the most experienced players are already starting to gradually take profits. They understand that times are changeable, and they know: euphoria is usually followed by its opposite.
The phase of denial is not far off
While you were enjoying endless green candles and analysts were prophesying a bright future, the treacherous market prepared a surprise for you. Over time, euphoria will be replaced by a phase of denial. This phase is when traders refuse to believe that their paradise can collapse. People will still talk about growth, draw bright charts with forecasts to the sky, and convey to you that this is just a "small correction."
You will start to be promised golden mountains and incredible prices for bitcoin: a million, a billion, and who knows what else. You will see positive headlines, articles, and hear celebrities, including good old Trump, discussing the market from different angles and instilling faith in you for growth.
Traps of charts and "analysts"
Right now, charts with unconventional names and unusual shapes that can instill confidence in you that the market will soon start rising again will be especially relevant. But in reality, such analysts just want to keep your faith while the true mind is already far away taking profits. On the charts, they will draw bullish eggs, tic-tac-toe, showing every corner to convince you that everything is fine.
Illusions and hamsters
Now the time has come for the main choice. It all depends on you: are you ready to believe in everything you are shown and become part of the crowd of "hamsters" that the market grinds down in every new wave of decline? Or do you prefer to act wisely, understanding that after every euphoria follows a more sober view of things?
Now you have a chance to make a decision and start thinking rationally, acting with calculation, rather than on emotions. Or continue hoping that "everything is still ahead." Each choice is good in its own way, but only a cool head and understanding of market mechanisms will give you the opportunity to preserve and increase your savings instead of losing them in another wave of liquidations.
So, friends, think about it, look closely at reality, and decide whose side you will be on when the dust settles. Just as everything is currently filled with positivity, soon this positivity may be replaced with promises that you won't want to believe.