After a long few weeks for any cryptocurrency holders, there was a flutter of buying overnight. It should be noted that despite some better price action, all major cryptos remain in a strong downtrend. As speculators and trend traders, we have no place being long in such an environment. Well overdue for a technical bounce, Bitcoin was up 13% at one stage before closing up 10%. Other coins such as Ethereum, Ripple and Litecoin were all up between 10-15%.