Looks like we've hit a solid floor at $700 right? So tempted to buy up a few more :/
700 is still far from solid. If it holds another 24h then yes, it will become solid.
Problem is, if 700 holds for another 24h, we might be at 900 then.
But the potential downside is more pronounced short term than the upside so it is risky to buy now.
Short term we could go from 750 to 900 on the upside but we could also go from 750 to 450 or less.
For this reason this 750 is more like a sell right now. If the outlook is long term then buying now is fine.
Its more likely we will travel down the Bid side > 30000
BTC than going up to 900 that only takes another 7,000 (counting the fake ask walls ~4,000 without) Fun to watch either way, though your arguement makes me want to deposit all my bitcoins and sell them before they are worthless, I think I shall be sufficient just to buy more next week when the funds arrive. Slow usd/
BTC usd needs to hurry up