Well, to know that the huge drop has been due to one big dumper, gwestcot, is paradoxically a bullish news, since it means that in principle BTX holders have not a generalized attitude to sell, they are doing it now only as a consequence of the dumping wave originated by gwestcot. Once that emotional wave will be exhausted, price might start to rise again. Perhaps.
Thats absurd, Gregory only dumped something like 13,000 coins. Haha, you think this took weeks and is still driving the price down now? This is the trend and the trend is pointing lower yet.
Hm, I think you are right, 13,000 coins cannot really have any major impact for a prolonged time, just for some days, perhaps a week. I see that's about the volume of BTX traded per day on Cryptopia. But anyway, you would feel them when dumped.