The market has bottomed and this is how proper trend reversals look like, but Tone Vays, trader with a big following, claimed $4900 as the best case scenario for a bottom.
I predict that he will start FUDding as much as he can to not be wrong. He was wrong at $7500 being the bottom for 2017 (we know it was $20k) and he will be wrong with the 2018 bottom again, even if he did a decent job at predicting a bear market longer than a lot of other people were claiming.
He is always going to be wrong. Some of these guys that keep saying baseless bullshit and trying to look for probabilities of things happening so as to tell you they told you so. No one can predict anything at this stage, and I believe the market may still have more to come in terms of bottom.
One thing for sure is that however the market is going to end up playing out, only time and trend will show us. Even if we get to see any little uptrend now, we are still going to be forming a lower low and a lower high until we see otherwise.