BTC permahodler Macsga, where are you? 
I can't believe that article of M. Hern did cause all this drama. Still holding... FYI, made a nice BTC profit by trading ETH at 0.0032, (maybe rushed a bit, but "better safe than sorry" works everytime). Still waiting for a small rise on LTC (oversold ATM) - not sure it will happen though.
This kind of movement tend to cause "slingshot" moves, practically overriding every other TA indicator. I don't claim this will be the one, nor I can say for sure where this thing will stop (maybe already did); but I can say for sure that this is a nice price for you to get some...
Edit:
As an addition, please take a look here: www.marketwatch.com
DOW started with >400 dump... tick tock...
Dont let him troll like that, This feels great to me right now.
Why because finally a decision is being made, https://bitcoinclassic.com/ - Look at the support that is happening over the last 24 hours.
Wait now the 1MBers are going to sell, hell no, there is no where else for them to go, someone like MP may threaten but let him sell of his coins and let someone like Andreessen pick up some more.
And YES I AM A FORKER.