He made a new post that even with google translate I can't understand.
Seems like he is not using very kind words for the BCH guys
He says that the BCH attack is impressive. But it doesn't change anything, because changing constants is not the solution.
He also says we are going to slowly trend towards weekly ma20.
Weekly MA20 is around 4 500$. So that means he is bearish short term?
Well if the price moves down, the moving average will still move a bit as it's a lagging indicator.
So price and MA20 in the weekly chart could probably meet around the $4750 - $5000 area.
As the $5000 level should be tested anyway I see this as a good sign to build a good support in that zone.
So imo we could see 2-3 more weeks of downside. If we consolidate then or see a strong bounce like the other 4 times before this year needs to be seen.
We are still parabolic, I don't understand the pessimism until we break below $5000. $5500 was a perfect bounce off the parabolic curve. We could still be at $10k by Jan 1 2018. I am not thinking downturn in the market for more than 5-9 days unless we go below $5k, then I am bearish for Bitcoin near term.