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 and some ancient trend lines is too obvious - shorts are climbing but price is not moving - something is not right (hunch)
=> I covered my btc shorts (left only out-of-money put options open for doomsday scenario a.k.a. fall to bottomless pit;) => went little long with -10% stop ( and some limits buy orders at 5900 to catch a falling knife, since it's a good chance it makes one last V shape with wave 5)