As I said below:
It seems like so many bears where sleeping while the bottom was set in with huge volume of capitulation on February 5th.
I am glad you are so certain. You comment is valid. IMO only time will tell.
Agree the volume might have been sufficient. However time elapsed was not very much.
It didn't give enough opportunity for enough ppl to decide, get out or hold.
An alternative scenario would be a very long ( year) consolidation between $5k and $9k.
I personally would rather see a sharp further fall to ~$2500, to get it over with, in the next few months.
After that the rise could be strong.