He nailed one thing for sure: the no volume part, which is concerning for bull at least. If the coins are really dat cheap, why no volume?
The distributed P2P federal reserve (that is the Bitcoin speculators) have exhausted there fiat canons. We need a new QE type plan metaphorically lets not call it bond buying but investing in Alts. Instead of buying fiat.
Nope. Our cannons are aimed squarely at the bears. If the price drops just a little bit more...BOOM! Got yer coins. Go ahead and sell. Just try it. You'll see how much fiat we have left.
I think the first major resistance will be in the $530 range: https://bitcointalk.org/index.php?topic=526445.0
After that the daily 300 EMA is in the 470 area. Anything below that to $400 is going to be a major dogfight.
I expect the bulls to start putting up a real fight soon. This could continue lower for another month or two, but I think we are going to be running out of steam for the bears shortly.
If we see anything below $380, then I will celebrate with joy, because I have about $200k in fiat ready to go all in at any prices that gets that low.