"There is even the possibility that the valuation undershoots the long term mean, implying a significant buying opportunity. However, the general public at this point considers this sector as “the worst possible investment one can make in his life”. This is the time when the smart money starts acquiring assets at bargain bottom prices."
High chances we are right in it, in a bug bull trap that can possibly be bigger than the one of last February
But keep in mind the 2014 and 2018 crash structures are different
2017 Btc could produce a Nikkei bubble pattern
I was actually seeking for a specific pattern during the silver bubble and it showed this Bitcoin TA on some archives lol
Yes it is normal to be suspicious if you know how markets are behaving with their repetitive post crash structures and patterns
A rally and a bull trap are both scenarios to be considered a possibility