Quote from: McHaggis on April 05, 2015, 05:37:31 PM

Has the price officially broken the uptrend, it's hard to tell as poloniex only using 1 month or the beginning of time as the two charting options.

Also what caused the official spike down was it just FUD or something more serious, BTC usually takes news of a major exchange hack or a massive DDOS attack to spur a serious downtrend.

Hello,

You asked good questions.
I think this had very little to do with news.
I think it started with profit takers exiting, then came dumpers and some whale dumped (someone in trollbox assumed Risto was dumping... I don't know - at least some at his caliber was behind the big dump - it was so massive downwards movement).

There was some fud about the anonymity, but I think nobody really cared about that. Perhaps a tiny bit was dumped as a result of FUD but nothing major was done because of it.

Monero is mid term bullish, long term bearish and short term bearish now.