I'm in big dilemma now, should I buy back now? Or go 50% in now and next 50% in if we touch $40k-$41k? Got $20k on hands now from selling on $55k-$56k (didn't sell all my stash to be clear).
Sold at 57.5k and panic bought back at 47k. I am still very happy about that. So no matter what level you buy, you be in huge profit.
I think we are close to deeper pain stage. So the uptrend should not be far away. But guess we have to go sub or close to 40k before up.
I am having difficulties considering $43k-ish as "deep pain stage" - especially upon zooming out - but hey, if we get into the lower $20ks or even sub $20k, that might start to feel a bit painful.
Regarding necessity to have "deep pain stage" before moving up or continuing UP, I doubt that such is necessary - even though I do understand the concept of shaking some weak hands, and surely some of the weak hands are likely being shaken with some of our current price dynamics, including where we are at, currently.
I am talking about deep pain stage for people who entered at high levels. They need to feel the pain and start to believe the bullrun is over. The whales love to let people feel this pain to shake them out. And I feel like the "blood on the streets" level for these people is pretty high right now. Indicator is still slightly at greed ->
For me, I am absolutely happy about $40k.