Selling for alts at that time was pure guessing -- basically just trying to estimate where the top for BTC was. Bitcoin still showing bullish signs (high volume, still above strong support, price > EMAs which are still trending upwards) and almost every alt I looked at before the drop (other than IOTA, which is now dropping fast towards a support) was extremely bearish. ETH was an exception as it has extremely strong support at .066, but most of the alt currencies or shitcoins look to be in bad shape under previous supports.
The key number for me is 3890 USD. If bitcoin falls through $3890 and cannot rise back through it then I see it falling down to $3350. It went through it about an hour ago and dropped to ~$3840, but as I'm typing this it is pushing back hard with a lot of volume and went back through it so I don't think the bull run is over yet. We will find out shortly!
meep
Well, the people I roll with would argue that it was a calculated move based on the Fibs. But heh, they are nobodies.
I don't see it:
Common fib selling levels are the 1.618, 2.618, 3.618, 4.23. $4300 USD was smack in the middle of the 1.618 2.618 fib levels.
I think selling a little at different intervals and waiting for a larger pullback was reasonable -- we are definitely going to see a sub $3500 price sometime, just hard to say when. I actually sold some myself and think it was a mistake, better to have evidence of a top than try to prematurely predict it.