The price seems to have bottomed out now, as there is huge buying support right now at 4900/5000. Ander your thoughts? I am just holding for the long term, but I think we could see another breakout soon.
It looks to me that the market has chosen to make a slower push up to .170 (and then later new highs), rather than taking the (low probability) 1-2 week explosive move to new highs.
Even though I posted this superbull chart in the first post, this was always a MUCH more likely scenario. I just thought there was a chance of BTS doing what ripple just did and going up 200% in a week or two.
It looks now that we have corrected the rise that occurred on Nov 28 and are ready to move higher again at a more reasonable pace.
It is almost always true that if you sell some on the spike rises, you can buy back in lower in a couple days. Indeed, those of you that sold the spike to .135 were able to buy back in lower now. I usually do this, sell 10% on a big rise, buy back a bit lower. I decided not to do it this time, because I felt that we *might* just go crazy to the upside, but it didnt happen. Grats to those of you who gained shares doing so.
My main priority is to not miss the coming big BTS rally as a result of my trading, so I am only selling/rebuying when the probabilities look very heavily in favor of it working.
One final note: If you manage to sell a rise and rebuy a bit lower within the 8 hour period that china is asleep, it almost always works, because btc38 is unlikely to drive up the price during that time.