Tried to load up near the previous low point (565s) but it got smashed. Now I am waiting for low 400s high 300s for a bounce. You can see a few lines converging to that area (support trend line) and previous resistance area (which I expect becomes now a good support area).
Comment:
Meant to post Coinbase Chart not Bitfinex. Extremely high volume and a bounce from the 450 area just happened. I am expecting a move above 500 (540 to 565), before the next leg down which could be either a retest of 450 or a continuation to what I think could be the bottom (stated above). Volume will dictate whether we will see a new low (assuming an increasing volume) or a retest (low volume). Definitely keeping an eye on it as crypto moves quickly.
