I got a lot of response on my last post about DWAC technicals, so I'm going to try and add more as time goes on.

This post is regarding what has caused the recent price drop.

I think it is a combination of FUD and short sellers as usual, but due to the timing, we need to also consider one other factor.

In this case less committed parties may be trying to take their profits before the results of the proxy vote. The reason i think this is the case is because a lot of experienced investors will make sure to pull their positions before any known impending major news comes out.

In other words, it is a simple safety measure that non HODLer traders use.

What does this mean?

These traders arent necessarily out, they're just taking cover because they hear the cannon fire overhead.

Once the deadline has passed, and if the vote passes, then we may be able to expect them to jump right back on the train and cause the price to rip nicely. If the vote doesn't pass (unlikely) then they're irrelevant anyway.

If the vote passes and they don't jump right back in, then expect the price to slowly recover as HODLers continue to lock up more of the float.

Don't Panic People. Use your discretion and make whatever decision you feel is best for your finances.