🖤Psychology of market cycles🖤
🖤Part-3🖤
🖤Anxiety - When prices begin to fall without significant recovery, traders begin to worry about the state of the uptrend!
🖤 Denial - traders become long-term investors hodlers because they believe in the market reversal and the opportunity to return their profits!
🖤Panic - the market continues to fall freely, and panicked participants begin to sell assets to reduce losses and save part of the capital for redemption at a drawdown!
🖤 Capitulation - it seems that nothing can stop the market from falling further, this aggravates the panic among traders and even long-term hodlers begin to sell🤦
🖤Anger - traders do not believe that during an uptrend they missed the opportunity to realize profits. Losses make them angry with themselves!
🖤Depression - traders lose all hope and feel stupid for not closing positions at the right time, believing in continued growth!
🖤 Denial - after a long-term dominance of the downward trend (🐻bear market🐻), traders tend to ignore the first prerequisites for growth, because they do not believe in the strengthening of the upward trend!
🗣️We will look at the emotional mood of traders in an upward and downward trend in part 4!
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