Fair points here Hive account@workin2005, just for the record I didn't mean to take a jab at you when I mentioned the "capitulation narrative" getting old.

I strongly disagree with the 50/50 probability to being right or wrong though, the current market is showing all the signs of a bottom:

• dismal public awareness (google trends);
• crypto traders on twitter rage quitting and talking of trading stocks
• again the price action which is flat and boring, hence shows accumulation
• meanwhile the infrastructure that is being built on crypto is picking up a lot of speed, Fidelity, BAKKT, even brick and mortar university are diversifying in crypto.

It's this blend of bullish fundamentals, flat chart and low awareness that makes it (imo) a great time to buy, provided one respects the principles of position sizing and all that.

There are too many fence-sitting market analysts out -there (I am not including you among them) and I think as analysts we need to have a little more skin in the game and take risks with our predictions and not constantly being afraid of being right or wrong, that also comes with having a good strategy, mine is to accumulate cheap and everything looks cheap to me right now.

Cheers!