People are uncertain in general. Alot did not do researches and bought the top without learning about the tech. Now they have lost money and are exiting the markets in anger. Long term price, I strongly believe, is going up, short term these dips are sentiment driven and unpredictable.
Past few years price have reversed around these times, it's still likely that a bottom is in IMO .
See here: https://gyazo.com/dc2940f32ddd2e73058097a2343b68aa
Bottom was, for past years, between January 15 and 20. So I am well open to the possibility that we have seen the bottom at 9k on january 17.
I don't have a crystal ball, I'm just open to every possible scenario. Short term we could get fucked or we could be on the verge of the next parabolic wave, have no idea. I'm holding, and getting ready to buy more bitcoins if we hit 7.5k.
Be prepared to every possibility, stay safe fam , good success!
Yes, technical analysis and sentiment tends to the bearish side, but this emergent and highly market shakes out people in these times. Nobody has a clue what's really going on, all probabilities. If it flips it will catch the bears off guard.
I'm risking what I can afford to lose, and I'm learning on the tech daily. Long term Bull.
I wouldn't dare shorting bitcoin. And I'm only ready to buy the dip if one of my anticipated scenarios becomes odd.
I remain highly skeptical : Tone Vays, Peter Brandt, Nic trades, and a ton of other analysts calling for it. People are so certain it will happen that I don't believe it will lol. Too many people would have to be right.
Anyway, I'm not a pro but I'm ready for anything :)
Goodluck on your ideas / positions brotha