pure TA with 0 understanding why people acted the way they did, is never going to work
that crash was an Epic fail, for all that sold into it, and a smart move by all who saw opportunity
but we are still under the trend line.
SR news not only caused the short-term crash. This news reversed the trend.
At the same time, it blew up news on bitcoin, which is now trading slightly higher on BitStamp than immediately before the SR crash.
So who the hell really knows...
For people who were nervous that Silk Road
was Bitcoin, they may now invest with confidence after seeing a full recovery. In the public's mind, Bitcoin is now out of the realm of potentially being a purely black market currency. We knew better, but they didn't.