My short to medium term bullish/neutral is based on Steem internal economics: HardFork 20 in less than 2 weeks, and SMT to be released next year. Until then, there will obviously be a lot of market moves (up and down) but the overall trend will be bullish, IMHO.

Of course, I can be very, very wrong. The only one that's right about these things is the market, you know :)