Quote from: BitHodler on September 30, 2019, 10:41:29 PM

I'm however of believe that the technicals need to improve first. Bitcoin is being judged by the smart money based on what the charts show, and not so much its fundamental roadmap.

Another thing I'm still keeping in mind is that we might be due for a brutal shakeout. It actually surprised me with how soft the market has been in the last couple of months. Calmth before the storm maybe?

Bitcoin is prone towards high volume V-bottoms. We haven't seen it yet this time, but when it happens you'll know. The chart may look ugly now, and we might need to tag the 62% fib or maybe last year's triangle levels in the $6000s first, but don't underestimate the honey badger. It's like a rocket once the bottom is in.

People keep making comparisons to the triangle in 2018, but to me this correction is much more like summer 2017 when we dipped from $3000 to $1800.