I bought for the first time since I've been watching it from $10 to $1100 and back down to $157 - about 3 years. I'm because it's retraced to a major structural level and rallied 100% since then (down to 150's back to 300). Fundamentally, everything makes sense as well. Nearly every currency is losing a lot of value against the US dollar - JPY, NZD, AUD, CAD, GBP, EUR, list goes on... All the fiats including gold . The only "currency" that has held strong since the beginning of 2015 has been . With that said, I am going long with $230 stop. I will look to a build a position on this as long as it does not break any major structure going forward.
This was definitely an aggressive entry. A better price to go long is a strong possibility.. But from my strategy's backtesting I am more profitable entering on aggressive signals, albiet with low risk, rather than waiting for a good price. I prefer to add to a meaningful position if price gets more attractive as long as it's still in the buy zone. Sometimes the best trades are the hardest to take. Those trades have a tendency to never look back once they rally. I'll check it. Thanks for you comment.