Yesterday in the GDAX BTCEUR market we saw two sizable dips. the first was clearly a large player selling off their coins because the price dropped and instantly returned. However, a short while later we saw a more sustained decline with a larger volume going through the exchange which managed to give some people (including me) trouble logging in and waiting for a good buy in point.
I had a buy in set at 7k after the first dip, but was then trying to login to raise it to 7500, but didn't get onto the exchange in time to alter it and the price had rebounded. So annoyingly, I bought in higher than I would have liked.
But what does everyone think?
Both dips went down below the 38% fib line which is all we got on the last retrace, so was that it? Are we now going to the moon? Is the current rise and dip part of an ABC correction? We'll have to wait and see.
We've definitely had or are in the correction though, that's for sure.
I had a buy in set at 7k after the first dip, but was then trying to login to raise it to 7500, but didn't get onto the exchange in time to alter it and the price had rebounded. So annoyingly, I bought in higher than I would have liked.
But what does everyone think?
Both dips went down below the 38% fib line which is all we got on the last retrace, so was that it? Are we now going to the moon? Is the current rise and dip part of an ABC correction? We'll have to wait and see.
We've definitely had or are in the correction though, that's for sure.
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