Quote from: Globb0 on February 06, 2018, 11:49:04 AM

Quote from: Mhz_evadah on February 06, 2018, 08:48:45 AM

Quote from: exstasie on February 05, 2018, 09:19:43 PM

I've gotta say, the last 36 hours of price action took me by surprise. I definitely thought I felt capitulation on the spike to $7,500. I guess I was wrong. Sentiment seems incredibly bearish, especially considering the fact that we've already dropped nearly 70% from the highs.

Like people never experienced a BTC dead cat bounce before. Tongue

The weekly close and the sustained bearishness definitely suggests the possibility of a new bear market. But I'm still sticking with my guns.....there is definitely a mega bounce incoming. And $13k-15k is still on the table.

Whether people dump the bottom first is another matter. Grin

This will go down in history as one of the most outstanding moments in crypto market, where the mighty falls dragging on its quests. If and when this market recovers, the market should prepare for a more bullish trend especially from new adopters.

However, like its commonly said 'brace for impact' as it would seem BTC hasn't touch down yet.

Like with all analysis maybe the doom of this was in the number of people beginning to follow and believe in it. Makes for an easy target for manipulators. Poor sheeple.

I guess it is safe to say we are way to soon and yet far from mass adoption. If people joining the cryptocurrency train on the basis of pseudo believe, can have this much negative impact on the integrity of blockchain enterprise (cryptocurrency included) as a whole, then we may as well not be ready for this roller coaster trip of price fluctuation.