When the short swaps are historical high, it serves as a reversal signal. Not to mention the double bottom, the super high volume at the bottom.
If this is not a bottom by TA definition, what is a bottom? Even if it is not THE FINAL BOTTOM, it could be deemed as a medium term bottom.
The panic selling has been released, the bottom was formed and the trend is up.
The rest, you go figure it out.
So if you're so sure, can I quote you if we're back below $200 in a few weeks?
I predict back below $180 by 2/1. I'm still not seeing the volume needed for a true reversal, so only time will tell.