Price keeps falling down and if the price reaches to 2800 tomorrow nobody will be shocked because we are really preparing ourselves for the worst outcome.
that's one of the reasons why i think we're near the bottom. sentiment is super bearish, shorts are extremely high, and everyone is expecting to go much lower. $2800 is quite reasonable compared to some of the targets coming out now. people are starting to expect triple digits!
when everyone has already sold/shorted, there's no one left to sell. remember that.
I definitely don't think we're going to see "The bottom" yet. Two or three red candles that take us all the way down to sub 2k is not something unexpectable. I hope I'm wrong.. if not, I just hope it won't take too long so that all of this can be over and we start going upwards again.
it's certainly possible. all i know is, the rise off the bottom should be very strong based on the velocity of the crash. that's why i don't think we've bottomed yet. there's been no spring.