We stuck in no mans land, because while there is a lot of fear and this expectation of a crash, there is also a hell of a lot of bullishness in this space. Its locked in place as the psychology is locked, i think we will literally just bounce around like a headless chicken until enough time goes by that it washes out the weak. Only the strong will survive.
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Psychology plays a major role in crypto, the same way fundamentals and technical analysis do, the fear of a major crash in the market, is making people who are not strong psychologically to panic selling already, and those who are strong are waiting for the storm to be over. Like you rightly said Only the strong will survive.
i only trade on phycology and in 2017 depth charts. :P
I don't do that though, but it won't be bad to add to my Arsenal 😊