Everyone is so bearish here that the bottom must be IN already.
No, people are still buying and HODLers are still holding. We need panic on high volume. The current bounce to $6xxx is pathetic. More to come.
Agree. Saying that all along.
A couple of days of $40BN+ volume, and a spike low.
Doesnt matter where the low is, but ~$2000 feels about right (leaves a gap to the 2013 high of $1200).
Price/time relationship is not yet right either. 6 months to 2 years is a more proportional bear market.