its not going to test  previous support unless at least 20,000BTC are sold

We all are... except Adam and his pyramid scheme's wife 

When did you turn into a bear?

Why would anyone spend money to spike the price up?

I'm only temporary bear, been so for a couple days. I've been kinda bullbearish for a while. I'm mid and long term bull but I just don't feel this rise from 97 was warranted. Maybe I'll be wrong, I'll be happy either way! haha  

Lool at the running fake walls

The person pushing the price up could also be placing all the ask walls of 100. Trying to get people to buy them. There are people that have admitted to buying their own massive walls in order to create a bull rush/rally. These people have so much money they don't care about the fees of buying their own walls as long as they make more profit in the end.

No decisive movement yet, eh? Alright then, summary time. (sorry for the sloppy style, this is more or less stream of consciousness)

Ignoring the possibility of continuation of the horizontal trend (that'd be boring), what are arguments in favor of continuation of the correction, i.e. downwards trend (red line in my previous chart) vs. continuation of upwards trend (green line)

(1) forum sentiment: cautiously bullish ("I'll buy for sure when we get lower") seems to be quite prevalent

(2) post bubble, volume on the way down was significantly higher than on the way up. suggests selling pressure, but could also mean sellers are running out of ammo.

(3) EMAs: D1, H4 undecided (just crossed over from above), H1 still bearish, but tendency towards crossover from below.

(4) total trading volume (in USD) is maybe on the low end for what is necessary to support the long-term upwards trend. (pointed out by WackyWilly)

(5) re: converging trendlines, as pointed out by 100x, me, and others: post-bubble, bit more evidence for the downward trend (3 vs 2 points of contact)

(6) If supporting trend (green line in my chart) = January 9 long-term expon. trend, then we're a bit ahead, should be hitting 100 only mid-May.

(7) order book (yes, I know, fake walls everywhere): total bid/total ask: 105. average of price if all sold at current prices, all bought at current prices: 120.5

pro bull: 1, 7
pro bear: 2, 3, 4, 5, 6.

Hmmm... I don't like the way my own summary looks. My gut tells me we should be going up, but my little collection of evidence points to continuation of the correction.

/pseudoscience

the trend is reversing, expect a slow climb with some sharp drops and recoveries as the bears commit suicide, once prohond come on and says something like "wow price is kinda high, good time to sell a few" thats when you know all the bears are dead, and the cost is clear  

This was enjoyable to read. My bullish instincts ignited a bit, lol. I still wouldn't mind a drop before our push upwards.