Youtube sentiment has gotten extremely negative from only a small move down. Wave theory and sentiment analysis have been working very well recently as we have called out every move almost perfectly with our counts. We expect this wave count accuracy to continue.
Here is a bit of theory on why thumbnails work to fade:
Crypto "gurus" market specifically to left curve losing retail traders because they know these are the people that will be most likely to buy their courses or otherwise be easily scammed out of their money. So the videos, therefore, are accurate reflections, not of what the content creators think, but of what the content creators think that their audience thinks. And they are usually very in touch with their audience and can see exactly what retail is feeling and how to bait that emotion in with a thumbnail. People only tend to click on videos that have bias-affirming thumbnails. If I am a losing retail trader who bought the local top of Bitcoin and has just sold the lows, I will be much more likely to click on the ultra-bearish crap that's being posted right now than on something more nuanced and reasonable.
Thanks for the update. You are right, sentiment is bearish atm because of the news. But I'm not sure if it's worth to move against them. Or will it be? I doubt. In my opinion they just need a few green candles to be greedy again. I doubt there will be liquidity to feed that greed. But we will see. 33-35k is not that crazy.