Just catching our breath after a big day. I'm surprised it didn't slip further.
This.
I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.
Same though here. ~470 is something I really expected (and still could happen). Back to 450, without bouncing up, and I'd start worrying that it was a pump&dump after all.
I'm still kind of thinkin it was a pump and dump. But that doesnt mean we cant get one more leg up! A nice dip from 500 could have been a nice bull flag though and a nice place to get a leveraged long in!
A pump and dump would mean it would go rocket through $500 and end up at $460,-. It did not.
This is getting a bit of a semantic discussion, no?
Volume has been, well, okay so far. Better than the week(s) before, worse than what you'd really want to see to be sure it's not going to go down again. There's evidence in my opinion that it's a more natural increase this time, not merely driven by a rubber band effect from the latest flash-crash-followed-by-mean-reversion-recovery, but I also want to say that considering where we are now, we have plenty of bearish sentiment to shake off, so being skeptical is not a bad idea.