".............there is away to many bearish traders around........" I personally don't know it they are traders or just chart-makers. What I do know are their following statements why BTC had to go down:
- The sharks are setting up a bear trap (meaning sharks would rise the price to be taken over by the fish so they can afterwards "kill" them by dumpselling their positions)
- 96% of BTC is held by 3% of all people
- A "V" turn hardly ever happens
- A bottom has to be tested several times
- In history a bear market lasts for 71 days (for example "we are now at day 59")
- BTC and all Alt-Coins are worthless. You can't pay with it in real life and a lot of projects don't work
(in my opinion that actually is true) - Chart making is not painting a few lines to know where a coin goes. You have to use Fibonagi, trendlines, RSI, MMA20 and AMA200 and this ABC correction is half way or otherwise a 1,2,3 with a 1,2 before it etc. etc.
- Bitcoins IS going at least at $ 5400,--. I am 100% sure but can't say that so I say 80%, but it is actually 100%
- "Hé I know it is now almost $ 9800,-- but that has to be it's turning point"
- "If BTC is going above the $ 10.000,-- it will turn back once it hits the low $ 11.000,-- (it just hit the $ 11.660,--)
- Yeah, I know it only went up after I said it would go to $ 5400,-- but hé, $ 5400,-- is still on the table.
- Coming friday the futures will expire so BTC has to go down for that. (If you ever read or hear that line again somewere it just isn't true: FUTURES DON'T "INFECT" THE PRICE OF BTC!)
Afterwards I'm the one who brooke the number one rule of @haejin: "only look at charts, never listen to story's"
At this moment the only "rescue" al bearish thinkers have left is the chart as it is placed by @jdog
Altough I'm not always very fond of the way @haejin posts his charts on the alt-coins I do like the way he gives his opinion about BTC/USD. After all, nobody can tell you 100% sure where a coin is gonna go. Giving several pathways looks at the only right way to do it.
The only thing you can be 100% sure of is that 50% of the chartmakers is right. It is going up, or it is going down...........