... as far as trading momentum goes, both the 1-hour and 4-hour charts are still pretty raw. The shorter range indicators however are starting to turn up, though we can't fully tell if this is the bottom till the longer ones start to confirm which won't be for another day or two (or 5 !). I would only make a minority entry to start with (say 25% of your proposed buy) and then let the 1-hour chart (e.g. the 1-hour MACD histogram) come round (this takes patience and steady nerves because sometime the market can appear to be "jumping up" on temporary lower-order panic buy cycles). When it starts to stabilise, enter with another 25% and make sure it goes to green (the 1-hour MACD histogram that is). Then wait with the other 50% till the 4-hour correction is almost fully complete before you start spending the other half of your investment.
Thanks for your tech analysis Tok. However, this concerns me most:
First of all, I don't think that malevolent miner thing has anything to do with this price drop - it's just a distraction. ALL miners dump all the time whether they're legit or not legit so I'd just forget about that. I watched the trades and they were very specific - ~1000 Dash at a time for a fixed time period. Miners dump much more granularly and over longer periods of time - they don't stand out like that. So I'd say the movement from 0.01 to 0.009 is almost all Otoh's repositioning. Just look at the volume chart on cryptsy - it stands out like a skyscraper in a desert.
See, I do worry about it.
I am -
like 99% of the people - a n00b. I have no clue what all all these fancy terms mean, mining, whining, you name it. I hear that an asset, a network of some strange "Masternodes", a crypto environment I am (the n00b) consider investing into but am hearing about something "malevolent" in the eco-system of this esoteric investment at the same time the value of the potential investment is going down.
So I, the n00b, will stay put for I do not understand what's (really) going on.
Before the smarter of me start with even smarter remarks, allow me to remind all of us that we're talking abut that famous "adoption" that should come from the n00bs that have no clue about the tech behind DASH and only want to use a useful, SAFE substitute to cash / currencies / money. They might think someone is stealing the very investment they consider investing into. They have no clue about differences in between "honest" miners and "malevolent" miners...
This does worry me greatly.