A market is a perfect machine perfectly designed to punish the greediest participants.

Don't think about external factors. Don't you think that BTC at 10K$ is a wet dream for a bear (especially after a -70%)?. IMHO not, and lots of coins are already showing signs of bottoming out.

As a trader, I have to play the 'logical' setup, not the apocalypse setup which Perma bears wish. Eventually, I'll be right (everyone is right at some point).

Also think that for price to drop someone has to sell it first, and as btc's are being sold, it's increasingly difficult to drop it further. I don't see 2018-2019 buyers selling now, they had it's chance.

People selling now are retail massively underwater.