+1 You could be right unless the dumpers are so damn suicidely dogged that they'd come back for another try at those levels.

That must have given them a fright though - at least the ones that are not Citibank with their 3-year stash of coins accumulated precisely for this purpose of hammering the life out of the market at any cost just prior to the ETF getting approved

(Thats always been my haunt from day 1 of this whole project which is why I'm repeating myself so often)

EDIT: Here they come now...what happens to the 5-minute wave this time, does it make it to crossover or bottle out again ?

(I have to go to sleep unfortunately otherwise I'll meet myself in the morning - will leave you folks to it and try not to dream in red and green).

P.S. Just remembered one more thing - these levels have already been flexed twice. The first was even earlier way back in April 2013. I remember it because that was when I bought my first bitcoin so I am part of that volume. The 100-200 range could therefore be twice as hard packed as anything else.