Time Pain

The hardest part of the cycle that hardly anyone understands

Gm friends, and welcome back to another edition of Syko Therapy!

Another week has passed and the market continues to chug along, not really moving and giving investors the one thing they struggle with the most. Time to think.

Within this very late stage of the bear cycle before things kick off again, we always have a period of sideways chop that comes after the capitulations. And it is during this period that many of the last remaining bulls mentally capitulate and flip bearish. It’s not the price movement that does it, because the price has already dropped. It’s the time and stillness of the chart that does it, because it gives everyone time and boring conditions to overthink. And the overthinking falls very much into the negative and bearish category because that is all the market has shown us for the last 9 months, and it is very much the collective groupthink sentiment within all Crypto spaces online.

Red candles cause fear, sure. But time and space to think is what really does the damage. It is almost always the fear of something happening that is worse than when it actually happens. And this is exactly why late stage bear cycles ruin people so much because even the biggest of believers end up mentally capitulating, flipping bearish and expecting much lower, right at the time when things finally start to turn bullish again. The overwhelming majority of investors expect lower because thats all the markets have done, and everyone thinks the same, which further increases the bearishness of the individual. It is easy to be bearish after 9 months of down, and the vast majority of investors default to what it easy.

But this in and of itself is a major signal. When the crowd still thinks the major low is not in, when we have so many major low signals and changing of trends flashing, that is the confluence we need to feel confident that we’re close. The majority will always miss the top and the bottom. That is just the way it goes.

As we continue to hash out this floor and the price action develops, everything continues to fall in line with what I am expecting, and contrary to the major groupthink, I continue to see the signs that we are very close to larger moves higher across the board than we are to any kind of further downside.

Today, I will be updating you will all the major technicals across the board to as always, show you exactly what I’m seeing and how things look from here.

Let’s get straight into it!