Bears tamp down irrational exuberance with TA, while bulls just keep building on fundamentals.
I agree that right now the wild card is the fundamentals here. In fact it has been from the beginning. In fact it's more than a wild card. It's a trump card. But those very fundamentals have brought us enough volume to actually be able to see some classic market patterns forming. And ignoring at least basic TA could be quite costly.
Of course the ideal of buy and hold trumps all TA in the end. It is what I am doing with my core holding. I have X amount that I will not drop under. Not for a long time at least.
And I am not generally a "trader". But I see some fairly plain opportunities. And at the moment I am still waiting for a little more drop to get my "play money" back in. It ends up win/win/win for me because:
1. Monero just keeps going up. I win.
2. Monero goes down to below .0176. At this point I get back in with the play money and cross fingers. I have more Monero again! I win.
3. Monero suffers some sort of disaster with it's "DAO" oh wait.. we don't have one of those things. Or Masternodes get compromised... oh wait... wrong again. Well I guess Poloniex could Gox us. That's about it. But then I go ALL in with my play money and thank the stars because that will make Monero as cheap as it ever can be.
I remember when bitcoin was ~$2-3 for a very very long time. I didn;t buy a single one. I won a shit ton of them playing poker, but bought none.
I'm done making that mistake. It's amazing we are getting to do this again.
Great post and reflects my thinking and strategy too - I even have a very similar 'why oh why' story with regard to knowlng about BTC but not taking advantage back in the day. I guess it true that we all have opportunities at some point, the skill is seeing them.
