the asian market has been up for awhile, call it the european market started the dump. But don't worry, this is normal when you take 10000% run. I'm surprised it didn't happen earlier. The dump started when a stupid guy placed a 100k offer at .005. Funny, he's still there, maybe he has now learned that trying to sell big blocks creates a selloff
It's not the 100k offer that did it, it was the end of the rise. Actually the chart shows a classic elliott wave up with 5 legs. There were a lot of 100k+ sells earlier and did no harm.
On another note, I wouldn't get caught up trying to achieve optimum trading, buying at the low and selling a the very tip, it's impossible. For my experience this 2 days, I started with 190k (bought around 0.00012). I sold 120k of them at avg price of 0.00025. Now this is a nice 100% profit, but if I looked at it from the point that it multiplied 30 folds later, I would have had a heart attack .
I sold my last 70k at 0.006 (on the rise not the decline), overall I went up from around 2 to 15btc. Had I kept those 120k, I would have much more now, should I regret the selling?
I don't, I see it that I made some profit from the 120k, and more profit from the 70k.
The downside is, I returned to smoking after 6 months of quitting