There's been a lot of dip buyers on each panic,
and now we're seeing even heavier buying coming
in on China news ( BTC China accepting deposits).
As long as prior support holds, I'm looking to accumulate
on retracements and consolidation, but I will NOT chase
I'm still holding BTC long from $502 in my long-term account,
and expect price to retest $1,100 if the bag holders don't keep
slamming it at $1,000.
With this strong resistance at the 1000 dollar level, do you intend to hold coin through this level as the market tests it, or do you acknowledge the herd mentality selloff at this point and follow suit?
How do you figure your "odds" on the bagholders vs. long-term bulls in this situation? (apologies if my terminology is off; feel free to correct!)
I was tempted to sell off around 995 last time because I figured the likelihood of another crash was high. I held on, because I believed it could break resistance. It hesitated to do so, and I felt a bit foolish when we crashed again.