This market cap dip is like the dip back in July
Posted Sep 2, 2017, 9:42 PM UTC
1213
The dip in July was of a similar magnitude but the price was already much lower as it had been falling since mid June. The dip you are referring to was the culmination of a larger bear market. Percentage-wise this dip is (was?) much smaller and hopefully not the harbinger of a new bear market.
5
[removed]
1
interesting
1
[removed]
1
Looking forward to some dirt cheap Ether!
0
Do you think it's bottomed out??
1
I don't think so. It's pushing towards 350 but no serious support yet so that bounce can quickly reverse. This probs won't be a 24 hr thing imo
4
For sure, in about 6 hours things may get messy
1
How can you tell? Buy/Sell orders? If so, on where GDAX?
2
I disagree. The July dip was fueled by fundamental bitcoin uncertainty (segwit/hard fork) and ICO craze. This seems more like a regular correction.
Agreed. Plus the trading volume on this dip are much lower so it probably won't hold.
Volume is higher than in July actually
Interesting. Volume data from CryptoTrader app makes it appear otherwise.