Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.
Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.
Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.
I enjoy reading your posts Rampion. You were talking about this the other day and I think I was split. There is a part of me that just doesn't want to trade out of something I believe in. Do you know what I mean?
But on the other hand, I'm thinking "Hey, maybe I can get more of what I believe in". And then there is the Angel over my shoulder saying "Don't be greedy, if BTC is successful, you will only need one."
But realistically, I feel we go lower. The unknown variable is some good news coming out when we least expect it. If that happens on a down move after exiting a position, it creates a... headache. ehehehhe
I guess then, what you did, selling a smaller percentage (20% was it?) is reasonable. I'm debating that now...
And how about Coinseeker? Man, I really think it is two alter egos. Right now he is down. I don't know what to say. eheeheh
Not talking smack bro, just enjoying the diversity of the forum. We are sort of a soap opera here.
Anyway, I promise you this, if we do go substantially lower, say the 50 Euro level (no, not dollar level, there I would be taking loans out ;-), I will try to save every penny I can and buy more BTC... Because I believe in it...
I feel you. I usually do not sell coins, just buy more at dips. Sometime I sell a little "play money", like I did today at $108.5.
Obviously it would have felt GREAT to triple my coins during the crash from $266 to $50 and then back to $165. But honestly, I just holded what I had and bought more. I had a lot of bids filled (but I missed the biggest one which I pleaced at 39€ish), and I was lucky that I had a nice amount of fiat at the exchange. Catching the top is difficult for me, ad it's just that I cannot stand when I sell coins and I have to buy back at a loss. During the crash to $80ish I lost like 15BTC because I was temporarily blinded by greed... And I was reassured once again of what I already know, that I'm an investor and not a trader, that I do not like to sell coins, and I follow price just because I like to buy at the lowest price possible so my "average entry point" is way below the spot price.
Hope this made sense
Beautiful post, I can relate.
And to your question...
