My gut is screaming bull trap
My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.
Getting mixed signals here.
Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"
Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.
Edit: that being said... I'm getting super impatient.
This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing.
I'm willing to buy back in at a loss, even if it makes me bleed out, it's been far too long for the case to be otherwise, however, I'm still kind of thinking that BTC is overvalued at the moment. I'm leaving emotion out of this. It seems like bulls are always the same, and while I'm not a bear I just can' see sustainable growth right now.
The Venture capital, techcrunch activity and China are all massive, massive indicators on a medium/ long term... which is why I'm surprised we are not seeing more activity. Seems many are like you, not noticing how big these impacts will be. When the products/ deals/ whatever they spawn are announced (or before they are announced), make no mistake, it will be vicious and many hoping for cheap coins will be left on the sidelines.