As this is Risto's quality TA thread, could we please analyze the crash that occurred last night? Do we have some TA to account for the reasons or do we know nothing about the reasons?
I thought the winky guy in the thread title meant he was being sarcastic about this being a "Quality TA Thread" 
Anyway, even though I am terrible at TA, I will give it a shot.
Last time there was similar movement, a sharp drop was followed by the moon. The preceding pattern recurred, but there has been a failure to have a sharp drop and launch this time. I suspect a major reason is bearish sentiment and recent price drop is due to failure to launch over the last few weeks. Unfortunately the latest drop was not enough to wake the bulls, it was nowhere near as significant as the pre-launch drop in the previous bubble.
I think the most bullish scenario would be a flash crash to around 400.. As long as we are steady inside the last bear trend there's nothing to encourage cheap coins or panic buying.