I think markets go in cyclical patterns, and they follow some general guidelines. I found a chart that I think shows what has been happening and what feels likely to happen.
Panic to me represents a black swan.
Discouragement is the fall out from the black swan.
Wall of worry is the tentative climb back up.
Anxiety is pulling into the moving averages.
Aversion is back testing the support line.
Denial is people can't believe it's finally recovered and they're waiting for it to go lower and shorting it.
After Denial is when big players liquidate all the shorts and send it.
So far so good.
This isn't meant as trading advice for you as much as it's just documenting my journey in charts, crypto, and trading.
Number 1 rule is don't get rekt.