No joke though, we could have major news now, like google accepting BTC and it wouldn't even drive the price up past 700, though, if that news came out when we wern't in a decline like we are in now, the price would shoot up 4x.
These cycles and their timings mean 100x more than any news or TA.
This is what tells me we are nearing the bottom. One, we have the TA, I see 3 tests for the 350$ range with immediate rebound. Plus we have all the "bad" news that is losing its ability to shock the market, add to that all the good news that is piling up, eventually the damn will break. I predict we have another 30-60 days of this "flat" price, after that we should start to see a rise in price.
Completely agree with you. I just set the boundaries slightly differently, I think the bottom is 380 with a maybe few minor flash crashes to the 350 range before almost immediate retraction, and the next rise will happen within a month because this one has been stretched out by china way too long.