It's been great watching the market react to sub 100k XC.
After Mintpal tanked, which was XC's biggest exchange by volume and order book, it was easy for the price to tank. The rest of the exchanges all had only a few BTC at most of buy support above 100k, of course that bottom was going to be tested post-Mintpal.
But what I've seen since then shows me that there is massive interest yet in the market for XC and that our market is willing to make a transition to a new exchange. Looking at the order book fill up in Bittrex shows me that what we've really had is one huge double-bottom at ~80k (one in June and one now). It's only upwards from here. If you can increase your position, do it.
This show is just getting started and the timing with everything is perfect. The perfect storm is brewing.
Interesting perspective.
A huge double bottom of this sort is also generally analysed as a corrective triangle from an Elliott Wave perspective.
The initial pump was wave 1 (up).
The last several months was wave 2 (down)
The next wave is wave 3 (up higher than wave 1)
This will be followed by wave 4 (down, and can often take a very long time, like BTC's last 10 months, which was a corrective triangle)
Finally wave 5 (big push upwards).