The entire rise was powered by short squeezes and futures manipulation? Take a look at other spot exchanges and tell me how that was the reason when the rise started at the same time on all exchanges. Bfx, stamp, huobi and weeklies @ 22:00 and btce at 22:20.
The reason that you are stating is guesswork at best. There is never a reason needed for price movement. Funny what people will come up with when fitting reasons to price movement.
Elixium
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Try looking at this chart now on the 2 hour timeframe ;)
The reason that you are stating is guesswork at best. There is never a reason needed for price movement. Funny what people will come up with when fitting reasons to price movement.