Market taken a dive

[cryptothief]

Checked this morning and there had been a bit of a drop, come back from work and find it's nose dived. I've got some low buy orders in at the moment, and hoping at least one of them will hit in the next 4-6 weeks. If it continues in the same direction it'll be filling sooner than I expected. Can definitely see it moving below the $500 mark, possibly even close to $400. Keeping a close eye over the coming days/weeks, because once it hits the 'bottom', the market is going to bounce. Just got to catch it as close as possible.

[altcoingamer]

I think lower 4s is on the table, we're about to dump again right now it's looking like, good luck with catching those daggers.

[cryptothief]

I'm hoping for around $420-450, so that's where my main buy order is. Don't think it will drop much lower than that, but you never know, so got a couple in under the $400 mark as well. Not really too bothered if it takes time to recover, I'm looking forward to next year now, this year I'm just trying to build up a decent sized holding. One thing I am pretty sure of is that there is no chance it will get back to it's all time high before the end of the year.

[KobbyC]

I just check this morning and there has been a fall even again, but this is a very good time to invest in because it is cheap. I have a 100% hope that it will rise to a very good limit once again.

[kats]

it keep dropping but with time it will pick up

[sugarchrisp]

Yeah, the TA looks like it can keep dropping but you never know with this since BTC is so heavily manipulated and everything else follows suit with BTC unfortunately.

[Domithra]

This bear market is one of a kind. Despite the many analysis put forward to make heart soothing predictions about the upcoming era of bull market early this year, the market seems to go bearish for a while, perhaps till the end of the year.

[cryptothief]

Well, the first of the buy orders hit. I'm thinking of dropping the others to below $400, really can't see any confidence in the market at the moment. Happy with $400, but think I could squeeze a bit more value out by dropping to around $370ish. Can see a bounce coming soon though, so don't want to miss out on it. Once it hits the elusive 'bottom', watch out for a sharp rise of probably 15-25%.

[carcas]

Yes in bad market conditions many investors wait for the price of crypto at a cheap price. I oun wait for it and when the price reaches the lowest point I will buy it in large quantities.

[sugarchrisp]

Seems like you nailed it, almost $400 today.  Question now is, will it continue to drop?  Seems like it's possible but we wont know until we see if the base on BTC is honored or not.