I agree the market will bounce back from here, however there still needs to be a lot of consolidation in crypto! There are over 800 coins at present and most have no real use case, yet wildly optimistic valuations based purely on speculation. This cannot go on forever and this drop may be the start of the shake out!
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@grizgal Well.. to me game has just begun!!! I am a trader and trade usually technically.. so as per charts i think we can fall further and i indicated in my last blogs as well and at same time i think this fall will not remain for long term.. so for now i think good juicy opportunity to start accumulation and regarding more than 800 coins then it's the person decision to select coins.. so far my analysis working fine as trading behind cryptocurrencies is same as in Forex and Commodities.. so usually ( same folks, Big Sharks... ☺ Banks etc.. )
So time for accumulation