flyinglight

flyinglight Updated 

Any crashing market usually goes to far lower price level than fundamental value is - this where big ones come in. We are not there yet, bottom is far lower than we are now. The problem is that there is no fundamental value, market is full of tokens which are years away from real utility. Nobody uses bitcoin either. It will take years to justify these price...

flyinglight

Buyers are taking it real slow and let crowd sell into in it. Why not? It worked last time. - we have had quite a fall and doomsday scenarios are around again - we are at strong support area ( 5800-6500), buy wall is growing - we just had a long waves 1 and 3, 5th is 5th (perhaps it's not extended this time) - crowd is selling short - breakdown from the triangles...

flyinglight

Shorts are way down than they were in April, indicating that the latest slip from 10k was actual selling. Not just shorts. Thats not good. Lots of margin trading. Google searches are down, as several analysts have pointed. People do not care.