We are still in correction mode, it can drop lower and (I hope) bounce from 1000-1300 level. We need a wave of new buyers to rise again. Currently there is more selling than buying pressure.
Both sell orders and buy orders on Poloniex became double than a week ago.
yes, the volume became maybe 5 - 10 times bigger than in the last weeks.
In Poloniex exchange there is now 4 clear peaks.
After every peak has been a drop.
Will it continue ... peak, drop ... peak, drop, ....
There has been forecasts that stock market will crash in 2017.
Maybe some invest their money to crypto currencies ... and to XEM
