So have we finally ended the long down trend?
I certainly hope so, though it will take at least another 4-6 weeks to know for certain whether this is a true trend reversal or a bump in the downward slope.
Whilst saying that though, in my opinion BLK has been dirt cheap for months so a rise like this need not necessarily be preceded by news. I'm not a TA or anything but my stance on these matters is hodl and enjoy the ride
I'd say the same, give it another month or two, then we can be certain.
Exactly. If we see even 3 consecutive weeks with higher (even if it's just a few sats higher) closes than the previous weeks... then I'll have confidence that all those buys were into strong hands that are holding for at least a few months - rather than one or two large wallets simply exploiting an oversold market for a quick profit. If that is the case, then this becomes a great support level to start making actual gains in 2015.