Kinda weird that there are no dumps, honestly i expected it to touch at least 330 day or so ago.
The last hour i looked at the exchanges, at the charts of the last week, at the forums and the general vibe and i just kept ending up with 1 conclusion: we reached the bottom and we're about to go up.
We're totally oversold, and as you said even the dumps stopped.
The daily dumper who sold 800-1000 coins almost daily hasn't been spotted in a while. I think a lot of bears depended on these big dumps. And now that they're not happening they are afraid to dump because they can't ride the big wave anymore. Their 50 or 100 coins dump doesn't affect the market and they could easily end up buying back higher.
Also the shorters on Bitfinex can't rely on big dumps anymore and are losing money.
The NY rules that came out today or yesterday aren't as bad as expected and i think this also depressed the price for a long time.
My guess is we will see the price climbing soon. It will be followed by the usual dumps because Pavlov but it won't have the effect anymore that the sheep expect.
I think 2 or 3 tries and they will find out the hard way that Bitcoin is back and there is one way to go and that's up!
I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.
The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.
We're going up and it's confirmed!
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