People must stay calm and monitor events.
+1000
It seems to be so difficult to stay calm in times like these because there is obviously a bit of a price battle going on at the moment and such battle seems to be eating away at the price, at least for the moment.
In that regard, it still seems quite difficult to have any confidence regarding what is going to happen in the short term, and it still seems to be quite too early to know.
Accordingly, there seem to be a lot of resources put into this particular price battle, and it seems to have just begun. Recall pretty much that BTC prices rose from $600 to mid $1100s in three months without a lot of trade volume.
Trade volume only began to kind of pick up in the final two weeks of that particular rise, and then went a bit astronomical on the dump in the past week.
To me it seems that our last high trade volume price battle took place in late 2015 for about 20 weeks between mid $200s to $500 and then to settle in the $350 to $450 price territory at the end of that particular battle... The price performance of BTC after late 2015 had not been including any kind of prolonged and intensive increase in trade volume that lasted more than a week or two, at most - even the rise from mid $400s to upper $700s in May/June did not include any kind of significant or prolonged price battle for more than a few weeks.
This time seems to have come from a relatively slow upwards price slope over three months that increased in the slope in last three weeks of the rise and then intensified into this particular price battle with very decent volume that so far has only been building up to intensify in these past two weeks (maybe arguably 4 weeks total, if you include the price increase slope), and it could take up to 20 weeks to resolve the price, possibly...
Currently, the bears do seem to be throwing quite a bit of ammunition and resources at keeping the price down, and I am not sure if it is possible for the bears to run out of coins or if they are willing to conduct this battle at a loss or they have some other techniques up their sleeves to be able to continue to push downwards on the price and maybe also to get others to decide to sell their coins (in order to help them out).
So, yeah, it is possible that prices, during this period could go lower and even below $600, but I don't see any kind of certainty in making those kinds of predictions, because it is also possible that we could reverse at any time too, or just settle down in some range (is it somewhere between $600 and $1,100 that is being contested at the moment?...
My ongoing uncertainty is why I continue to buy coins on the way down, because I cannot be sure at what point we are at the bottom of this particular price correction.. .and if there is more dump, then try to pick up a few more coins with whatever fiat I am holding in reserves.
BTW, you posted that you went leveraged long a lot higher than the current bottom, how did that go? 
