This is a repeat scenario for a few days ago. The last occurrence was a 7% drop in portfolios. How to react to this scenario ? It is as if a major play just dumps loads of alt coins all at once.
Looking at cycles it is approximatly 2 days. Only once in the last month has the cycle doubled to 4 days. Interesting conclusion that will be tested in the next day or so.
STR Recovery was quicker on the upturn than expected. however it returned at a slower rate, and with less vigour. Tracking the RSI over multiple periods help keep the faith that a return would still occur.
Revising RSI indicators at 15 and Stoch RSI intervals, it was clear that the purchase should not have been made, and a sale should have occurred but didn't. The current upwards market trend as been taken up by NXT, so the push has been removed. Hopefully a second push will occur, but I feel this is a futile thought, and the trend will revert to the overall...
