Thanks Maged, always good to hear your opinion. 
You're welcome I'm not sure how long it will take, but generally I don't think we are going to reverse before around Halloween. Either way, before we make a bottom <50 on high volume (capitulation), we're not done yet in my view.
Agreed. Any heavy volume has always been on my short list of things that would invalidate my earlier prediction. Until then, I constantly have to force myself not to look too much at charts in order to avoid accidentally re-evaluating my prediction using emotion. That is why, although I did doubt myself earlier, I never actually changed my trading strategy.We're tracing out yet another bull trap right now to clear off the negative sentiment that has built, and then we're ripe to go down and challenge 50 imo.
Agreed. Remember, in Bitcoin there is almost always a bounce when you hit areas of support/resistance.True, but we went through what were supposed to be "crucial" support points ($88 and $79) very easily and very quickly.
This makes me expect at least 1/2 quite big and long bounces before the bottom, with moments where things slow down for as much as a couple of weeks. This need to cool off and sentiment to build.
This last bounce at $66 looks uncertain, I think it will be interesting to see if the price goes again above the 200 day EMA (which is at $80ish) with decent volume, that could trigger an epic trap.