It puzzles me why the bubble stopped just one day before the auction. Everyone's talking about China capital control fueling the recent spike, but why then it stopped for a 44k auction across the planet? It was supposed to not care and go it's way, with it's own time and it's own retracements. I can only conclude it was NOT Chinese buy pressure but just plain, and scary, manipulation.
My problem then is whoever/whatever can do this is not my friend and is not your friend either, quite the opposite it seems. I'm not bullish or bearish, i don't trade, but even holders should be scared of what we've seen IMHO