I think not at this moment. It was a few days ago and will be again in a couple. I like HJ's analysis, but it seems to work better in a bull run. This sideways and down stuff throws things of, and he has said it to, because Bitcoin tugs at everything. Thus, all price is hooked to bitcoin, as all coins are priced in bitcoin. Thus the energy of a coin must be great to overcome the tide.
I think we are going to keep cycling between 9,800 and 11,900 or there about for the rest of the month and first week in Feb. Can't say why, but if you look at this period in previous years, this dip in Jan has been there. Then both 2016 and 2017, the real turn up came on FEB 10. I mean to the day both years. Chinese new years ends, tax returns start to come in in U.S. hell I don't know, but I think we'll bounce along the bottom for another week or so. If anyone had been buying at around 10,400 and selling at 11,400 for the last couple of weeks they could have scooped a few grand just surfing the waves. My guess is that a few more thousand can be scooped this way. Anything can happen, but for the last two years this period has just bounced along range bound, and then turned up in Feb - Let's see if it happens again. Mine for cash an be ready.