Do you really compare every commodity or stock chart to that schematic? For christ sake, it's a nice consensus for human emotions at various moments, but reality is quite a bit more complex than this.... I can only imagine how often you would have thought that we were in a bull trap in the earlier phases of apple (not that I am an apple fan).
Uhh, no? But when the BTC chart mirrors the sentiment chart almost perfectly in the past (seriously, the first bubble is almost a carbon copy), and the pattern starts to repeat itself (as it is starting to now) the chart is more than fitting.
I actually hold AAPL, and yes, I believe it is in a bubble now as well (one on the vegre of collapse IMO). However, I bought it during the 08 crash, so even if the stock collapses I can still sell for a profit, though obviously I would prefer a recovery.
So, anyway, seems pretty obvious. We're in the bull trap/return to normal area.
I agree.