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It is powerful to understand market cycles and how they play out, not only can you make some crazy profits, you can save your self from entering in the wrong side of the market or even short the market if you know how to. Markets move by emotion, at the end of the day its humans that are the participants in financial markets whether it be forex, stocks, equities, cryptocurrency, ect. Humans make decisions based on emotion and we find our selves fluctuating between two sides of the market which are; optimism, belief, thrill euphoria and anxiety, panic, denial, anger. Learning to distinguish what side we are on gives you an advantage, an edge sort of speak. For reference, check out the "Wall Street Cheat Sheet" it is on google and you can see it visually. Compare it with such coins as; doge, bytecoin, xrp and you will see the comparison. Use cycle trading with very basic technical analysis and start reaping the benefits of the market.

Thank you for supporting the hottest cryptocurrency podcast. This is episode 030 of Everything Crypto