Since the start of the New Year we are seeing many many green candles , altcoins are pumping left and right with no reason at all. Crypto twitter Shifted Bullish in the blink of an eye. But lets dive in the charts to see what is going on. 

I was really convinced at the beginning of the year that we were gonna see that kind of pump in BTC at around 17300

This pattern has a chance of 60% to break to the downside and target 13700 but if the highlighted are and the triangle break to the upside the next stop will be 19200.
![Screenshot_1185.png](https://i.imgur.com/ZmstkvB.png)

I was waiting ETH to go at around 1300. You can see it hitted the resistance at 1350. So i believe all the steamed is lost but in case it breaks it then 1700 is on the horizon.
![Screenshot_1186.png](https://i.imgur.com/IG43vzC.png)

Now lets see about Hive's chart.
In the 4H timeframe we are seeing a candle with some big volume of 1.43 million hive being traded in it.
![Screenshot_1188.png](https://i.imgur.com/cqtudWK.png)

We are now on this channel for about a month i we see this braking to the downside the a target of 0.12 is on the horizon.
![Screenshot_1187.png](https://i.imgur.com/StZhBmw.png)




In What point of this chart do you guys think we are in now ? While i think we should be in the anger stage the speed in witch the sentiment turned bullish would suggest denial.
![](https://financialhorse.com/wp-content/uploads/2020/01/Cover.jpg)


I am pretty sure that this year will be a painful year for prices in both crypto and traditional markets. Yes in the next CPI we are expecting to decrease but that will be printed in the real economy and prices maybe in 8 months from now, the sentiment in the real world is that we are going to see a rough year and sentiment is everything. Why someone who is afraid that he wont be able to pay his bills or provide food on the table put his money in BTC , ETH , STOCKS and in risk assets generally ?? He will probably keep his money waiting for prices to fall and then when the sentiment and prices change he will start investing again and by that logic if that is printed in the real prices in 8 months or so i am expecting 8 months of boredom. But in those months we will probably see the best crypto projects that will fuel the next bull run being created.


https://financialhorse.com/psychology-of-a-market-cycle-where-are-we-in-the-cycle/

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