You have studied the market pretty well, yeah that is making sense.. manipulation by big players...
JP Morgan did that FUD and buy the dip on fibo 61.8% retract last time, whereby newbie were seing their investment freshly made is floating on red ocean...
Myself looking at previous dip and gain, care less this time and steem on, working my way to accumulate steem as much as possible before the hurricane of steem exploded to wide market... :)