1) BTC must have dropped by at least 45% signaling a potential bottom is in or near.
2) The line between bearish and bullish among TA indicators will need to blur just a bit. At the slightest sign I'll know it's time to pull the trigger.
At that point I'm sure I won't catch the absolute bottom but I think the return will be solid since the entry point should be close to half what it is today. Only then would I consider longing.
Price is dipping again as I expected and I'm thinking we can see it dip down to just under 8K over the next week or so. After breaking below 8K another smaller pump will take place bringing the new lower high to around 8600. Once it breaks below that it should again slow bleed and find it's low level at around 7300 where it was resting weeks ago. This should happen right after the first half of Feb. It should rest in the 7300 range for a week or so, then bull exhaustion will set in because whales are not taking part in this right now. Once bull exhaustion sets in we should see dips to around 6300 range followed by another hard dip under 5000 and if whales don't step in we can even see 3800. Some analysts are even talking about possibly seeing 2100 but I can't really see it going that low. If we get another dip and it turns out to be lower that the 3300 we had last spring that would be very bad news as it could indicate potential death signal for crypto as a whole. But we know that won't happen so it's safe to conclude that the next dip will stay above 3300 if we even get that low.
Iv'e learned the hard way to think like a whale. If it makes whales rich it should make sense to me. Look at the charts over the past two years and see if you can tell me with a straight face that the similarities between the two pumps are a coincidence. We must keep in mind that the BTC chart is nothing more than a chart that shows human behavior in BTC investing. And it is repeated because it is profitable, and for no other reason. And given the chance they will wash, rinse, repeat for as long as they can profit from it. I'm following you now. TLAW