I'm neither bull or bear so much at this point, just observing the market and sentiment. I take a neutral perspective and take a look from both sides of the argument and compare the "intangibles" to each other.
Here's some thoughts on possibilities we could be in the Disbelief Stage and are nearing it's end about to exit upwards. The Upside outweighs not being in the market, but with tight loss management.
The bottom of the descend will be 200 weekly MA. Yes there will be probably a "bump" after the death cross but 13.9k was the top of the corrective B wave. This uptrend was to steep in a short period of time, I don t believe that this was a beginning of a bullmarket with new AHT. 200 weekly MA needs to be tested again. I just don t know if i am in the 90% or the 10% of traders :)
dragon
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@SkyBottom, very possible. One thing I personally don't use to gauge momentum especially with Bitcoin is "too steep" lol.. it's always worked against me cause literally anything is possible no more how illogical.
ENIGMA1440
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This is exactly what I have been preaching. This is Wall Street playing poker with Retail. Scaring people out of their positions into hitting their bids...
dragon
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@BitFink, thanks! I posted new idea, possible IH&S printing right underneath 200 daily MA. If it prints & breaks neckline; would indeed confirm this was a huge fake out.