No matter whether we brake this long therm support or not, it’s great time to be adding to portfolio. That’s exactly what I have been doing. As a long therm investor, I see this as once in a lifetime opportunity. Not so long ago we were at 20k. There were many downtrands like this, some people took advantage of it, some hesitated. When would it be a great time to buy crypto for long therm investor if not now? If we break that significant support, we all know what will happen. Most people are not ready, People will panic. And because I’m, we are ready for this, we won’t panic. We will buy whoever can. If we bounce and eventually break all these MA’s and eventually at $12000 “someday” I don’t believe we will look back. It may come back a bit, but At the end it will take of just like it did in the last bull run. Just like I mentioned weather we break or not, long therm it’s still an uptrend.
I agree with you 100%. The long term risk/reward is extremely favorable in my view, and yes, we could see a "panic" shakeout, but long term things will turn higher again, and even though there will be back filling along the way, I think like you that there will be no looking back.