I think a lot will depend on the news in the following days. The sentiment is still very positive. No major event rocked the market, it was really just overbought and it needed the relief. Correction was imminent. The question is if the run is over? I don't think so.... I have bet with 70% probability that it isn't yet...
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Positive news from China, also from Russia, some major.... Cryptocoins overall market back in the bull market. One more major positive news and psychological barrier of 2600 is broken and I think we will be officially back at the bull also with bitcoin.
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It happened pretty much as I hoped it will. The timing was spot on, not so much the starting price, but that is of lesser importance from my point of view as a long term investor. Glad I have kept great majority of my position through this rougher ride. I took some profits and cashed out, then partially bought some back at a little higher prices. But in the end of the day kept 90% of long term position plus some cash bonus which is ok. I have break even now at 260 USD. I was hoping for better outcome but if you hold a long term position as I do, the biggest mistake you can do as I learned through years was to sell too much and too soon.
