this is all a manipulated house of cards with no real support.
Every day that passes, and Bitcoin continues to grow, this tired old line becomes less and less true.
Pre China we could barely support $200.
Post China we are supporting $800.
Anyone who thinks its all fluff and puff ... is sorely mistaken.
I encourage you "day traders" to start listening to the Podcasts like "Lets Talk Bitcoin" (google it)
And to get a Google News app for your phone, enter "Bitcoin" as your news search, and read the articles every single day as they come out.
Right now its day after day after day of new industries and companies getting involved in Bitcoin.
Whats going on outside your little bubble of buying and selling is what really matters, and I don't see many of you even remotely aware of it.
Thats my best advice.