LONG-TERM VIEW:
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
emotional buying.
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.
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
emotional buying.
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.