The first rule is not to worry You know that with proper risk management you can be wrong this trade, or the next one too, but a good one covers all the losses and leave some extra "points". Although it's almost impossible to apply some consistent risk management in the Bitcoin market, now we seem to enter a period, when that could work for a while.

There really wasn't much of buying power in China lately, but sellers seemed to be vanishing this weekend as well. Price is now hovering around 5300 resistance, China is waking up for the new week, so lets see the activity. Gox and Bitstamp traders are willing to sell just as much as China drags them down, and even less. So we really might be close to the bottom.

I'm out of BTC, and my orders are waiting between $600 to $820. However, I'm gradually loading a position in LTC, as there is a higher chance that some news will come out and take it...to da moon ; and if there is no news, at least it hedges my absence in BTC market.

Not sure if I meet your definition of a bear, perhaps partly I do.