Thanks for input. I also think that one investing in this market need to be aware of many things as possible, as information is key.

What has happened:
ABC correction changed to a complex Eliot Wave correction. There was a lot of support at 10000, at 9500, at 9000 at 8500, where buyers managed to keep sellers at bay for short periods.
Most important advice:
If you bought high, just HOLD. You are losing only when selling at a lower price.

News:
The dump of the Mt. Gox bitcoin is definitely a factor. The uncertainty around the recent SEC regulations towards exchanges is another factor" behind bitcoin's drop, said Jack Tatar, "co-author of 'Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond.
https://www.c[Suspicious link removed]m/2018/03/08/bitcoin-falls-for-second-day-amid-increased-scrutiny-on-exchanges.html
If the bill is eventually signed into law, Arizona would become the first U.S. state to accept cryptocurrencies for tax payments. But it may not be the last - as CoinDesk has reported, lawmakers in Illinois and Georgia have made similar proposals, though it remains to be seen whether those measures will enjoy similar support.
https://www.coindesk.com/arizona-bitcoin-tax-bill-vote-of-confidence/

More: https://youtu.be/aL4NMI1ycnY