You seem pretty experienced and I enjoyed reading your post and like your rationale. I hope you're right too man. So you don't think we'll dip below 200 because of the XT controversy? I bought at 222 recently...tried for 205 but the price was rebounding so quickly that it shot up to 222 by the time I could confirm my buy.
Thanks man--There is definite method to a market's madness if you know what you are looking for.
I think $210-225 has been an attractive price for some time, so this creates a demand floor. Of course I don't know where the bottom is--a good trader will play the probabilities but change position on a dime if need be. Some bears are convinced that this entire bubble from $20 will eventually unravel but I think people like Bitcoin too much for that to happen
Since last night I noticed some whale traders on Finex are slowly buying back in to not put the price up too much. Long futures contracts are also being accumulated and making higher lows since yesterday. And there's a lot of buy activity on Bitstamp where you generally see more public buying/selling (due to their large European customer base and lack of advanced trading features--it's a pretty basic exchange in that regard).