While the overall trend still feels bearish to me, the next few hours could see a price surge. I would think the best explanation is that people who notice the price stopped falling consider it a good entry for their positions or holdings.
I'm still short, but reversals are sudden in cryptoworld.
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I'd like to add: The next candle could be a doji. If it is a doji, red or green, I would bet on the red path.
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…dat drop. I wonder if a doji will form at all.
交易結束：目標達成
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It turns out I cant delete posts, so I'll just spam a donation address. Send me your ETH here 0xF7Dc813B5c746F777DD29c94b7558ADE7577064e.
@icculus, I still think it will follow the red path. The first candle dropped suddenly, probably due to the increasing pressure which culminated on the GDAXxing. Other than that the mean of the candles is still on track. However, I wouldn't trust it too long after this point.
icculus
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Most FIB has it at 250 for support, how are you getting 280?
UnknownUnicorn1038536
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@icculus, It's the baseline price from the 1D candles. The 26 periods phased out of the 110 fall, so the base moved up 10 USD.