The market seems to be digging itself out of the hole now though.
Could you kindly elaborate more ?
And tell me your outlook please for the coming weekend, is really the rally QUENCHED or there is still a chance ?
Edit : Is the rally continuing ?
I understand, Fakhoury, that you are not asking me, but I CANT RESIST....
You know, having a purpose such as one to "quench rallies" and actually achieving such purpose, can be two separate things.
And, surely the evidence of decent upwards price pressures is continuing to show its cute lillie noggen...
In other words, we seems to have gots ourselves decent upwards price momentum that is not going to easily by quenched...
Surely, we are still operating on very low trade volume (and who gives a shit what you see in china and some of those other fake, no fee, bot exchanges), the fact of the matter is that BTC trade volume seems to be continuing as relatively low.... and so, when we have low trade volume, we can have a reversal of the direction at any time, even though it is kind of appearing that bears are losing a bit of control over the continuing and ongoing upward trend... .. they may have to wait until into the $700s or so before they are able to adequately and sufficiently reverse the current momentum and the upward price pressures that seems to be under this thing.. and also it is possible that they are not going to be able to do it, even into the $800s, crossing my fingers.. and if we get into the $800s quickly, then surely they are going to have some loss of control issues.