After so much selling this can now be a bottom for at least a few days.
Therefore I say: Price down, pick up!
I was very , but I'm not anymore since we finally had a massive wash-out of weak hands which cleaned up the market. I mean I'm now bear since July/August 2014. All the scenarios I posted were just scenarios and I wasn't a bull. Back then I didn't expect that people think I trade everything I post. And I couldn't have known that Tradingview integrates a feature showing where you marked a chart as long or short, that's why you see some green triangle dots on the chart above. Now I post chart as neutral when it's a far fetched out scenario I'm not actually believing in.
I began to be a bear several months ago when the price dropped below $610. This was when I posted this chart below. My lowest expectation was $400-$450:
To keep it realistic I thought $450 will be the lowest low:
Then I told you here in the summer that Bitcoin is doomed, adding also lots of charts in the comments, but the reaction to all this super information was almost zero, some comments were even downvoted:
And my "One Secret Chart Of Bitcoin Bulls" chart was actually a joke. I originally wanted to change it to show how the chart is, but gave the bulls a last chance to show their power, because the bear trend was still so tiny back then on the grand scale of things. Obviously the bulls lost.
I then got so that I looked for a very low price target and ended at the nice number of $333. As we know today even that low price target was not low enough:
And then Bitcoin didn't bounce where I hoped it would at $450:
So I became super and posted:
"The Bitcoin Economy Is Collapsing With No Sign of Recovery"
"Why Bitcoin might crash to $85-$110"
"The Bitcoin Bears Are Back"
"Suspicious. Bitcoin misses Christmas?"
"Take Care: More Bitcoin Bear Scare"
When is enough, enough?
121.43% less bearish compared to a 1 day average.
232.35% less bearish compared to a 7 days average.
246.15% more bullish compared to a 30 days average.
Today's sentiment is 61% bearish and 12% Bullish. Will we have to wait and see how the Bitcoin world reacts to this weeks price decline. Beware of Bitcoin miners stepping out.