I have noticed an interesting fact->
I've sold from 471 to 450 and then posted a buy order and 441 and I made a nice profit. But I really don't understand why people panic and they sold immediately.
Also, the're is no buy support, NONE, to 188 there is only 5 btc.
THe sell support from 48--550 is more than double, 11 BTC
The buy support seems low, but don't get fooled. There are some big holders who are watching the market closely and will put big buy orders in to protect the price from falling. If you watch long enough you will see this pattern emerge with different starting alt-coins. This is actually a very effective method.