Every action has a reaction, travels around the globe and comes back again.
Western society doesn't seem to get it...
However - What we se here is not a fluke.
It's exactly the mirror of Action/Reaction.
It's based on fundamental behavior, which in it self follows this universal law.
We all follow it, there is no escape. It's the matrix we live in hehe... W8Kup
So, let's see how this will continue, since this article reveilles wha's going on behind the curtain.
TradingView Blog: http://www.forktrading.com/tradingview-blog
Just yesterday was looking into some data for BTC.
The confirmed daily transactions volume tripled over the last 2 years from around 100 000 to 300 000 transactions PER DAY.
SWIFT payments are at 10-13 mln per day for the last 3 years, so one day BTC can reach it if exponential growth persists.
It's still rather decent to buy into it and ride it towards the ML anyway.
The typical sine wave I've posted often. And a sine waves center often get's broken by pullbacks, bevor the market moves once again in the original direction.
So, your suggestion about a long position is a nice hint :)