Ethereum - what a ride and a tip

Well yesterday was quite exciting. Eth rallied as I expected and was near 400 when I took a nap. When I woke up, it had plummeted and was around 350. It had been as low as 306 per coinbase. My eth position from 224 wasn't in jeapardy but I had planned to take profits and was not expecting such a large drop right away. Fortunately I was able to sell my position at 392 when some couldn't because the coinbase website crashed. Many people were unable to bring up the screen that allows them to sell or buy. And here is the tip or how I did it.

Well coinbase also owns gdax which is their exchange for those that day trade, trading in and out and either losing or profiting from scalping the smaller moves intraday. As a member of coinbase, I have access to gdax but I never used them because I don't day trade. I hold positions for weeks, often months. My very first eth purchase was when eth was only $10 and I sold some of that when eth had reached $170 which took months holding it.

Gdax did have some minor problems but was running when the coinbase site was down. Within gdax, you can deposit coins or dollars that you have at coinbase. I tried a small amount just to test it because I wasn't sure what would happen with the coinbase site down. The transfer worked so I transferred (deposited) the rest of my coinbase eth into gdax. I could see that eth was trending back up with a rising wedge and would hit 390 - 400. I just waited and when it hit 392, I sold my position. I heard a lot of people were angry when they couldn't access their account through coinbase to make a trade. Well that is how I got around that problem.

From there, you can transfer back to coinbase or if it is US dollars, you can send it to your bank.

Now I am expecting additional declines in eth to retest that low. I hope to purchase more eth at that time. < == That is not a trading recommendation or advice.