We are in a general downtrend that I think was about to reach the point of capitulation. However, the downtrend is being paused for the Super Bowl betting and the gambling based on how much Super Bowl betting there will be. We'll run up to at least the $250 range, get carried away, and then snap back down hard. The long-time bulltards will have less leverage to play with and the shorters will be healthier than ever. This will only exacerbate the snap back down and we might break the previous low in the $160s.
Pump and then DUMP!!! Mega dump. First pump, though. And the circle of life continues.