1) Nobody is talking about it.
2) Too many shorts underwater while longs are sitting very comfortably from ~$3,400 ish.
Considering exchanges are in this to make money, guess who gets liq'd?
Remember back when we first hit our current low, and EVERYONE was talking about an IHS forming? And it failed?
Noone is talking about this one. Gee, I wonder why?
This will turn into a giant left shoulder. Target is $4,800/$5,600/$6,500, then down we go to like $2k/$2.3k ish for a final low for a head.
I suspect the end of the bear market is late 2019 early 2020. The halving will cause the bullrun of 2020/2021.
Wait for the wick and leverage long it HARD, then enjoy life changing money.
Remember this comment. GL