A few days ago i was still bullish on bitcoin as it stayed strong above major support trend
Doesn't the fact that bitcoin went below these "support lines" argue against the validity of using TA to trade? I'm a long-time skeptic of technical analysis, and this just shows me that the market does what it wants with no regard to these fancy voodoo TA techniques and terms.
we see new shit coins every day, most which has no purpose, many scam projects. and recently the hash-war of BCH is one simple example of why the world still think crypto is a risky and easily manipulated market.
You got that right, although I'd argue that "the world" is hardly even aware that there are any cryptocurrencies other than bitcoin. It's a very small population of people who are even aware of these shitcoins, ICO scams, and now this hash war thing. Shitcoins are destined to crash to zero--or at least most of them are, and I don't need TA to verify that for me. One of these days people are going to wake up and realize that no merchant is ever going to accept them and there's no practical use for them, not even as a store of value because of the extreme volatility.