Okay so we have concluded that this was, like most of you believed, a bull trap.
The fear and greed index has reached to the extremes now!
My personal favorite chart is the 6M with daily candles:
https://bitcoincharts.com/charts/bitstampUSD#rg180zigDailyztgSzbgBza1gEMAzm1g10za2gEMAzm2g25zi1gMACDzi2gRSIzi3gSStoch
By the looks of it there's still some down movement to be expected.
Moving averages are crossing.
Price has moved in the middle of a sideways moving bollinger bands tunnel.
Pretty much everything is in the middle now.
MACD divergence is going lower and lower.
Is everyone just waiting?
When you change the daily to weekly it's insanely oversold. Especially the slow stochastic indicator.
On the weekly there is a doji after a huge drop followed by a bull candle.
I am not a professional trader but it looks to me that we can go lower to test $3000 again, but later in 2019 is where the real fun begins.
What do you think?