Buying on the second dip, I think bitcoin market is oversold and overextended. While I believe prices can tumble further, the risk reward for buying a bounce here is pretty good. Again, I don't personally buy bounces very often, hence I used a small position.
My stop is just below the low on bitfinex. I have no target, except prior resistance of maybe 480. I will get out of this position without a second thought if the bounce fails. I don't want to be standing infront of the bear train.
Bounce look weak, a wash trade. 1% gain.