I do agree to some extent, if you haven't already, it's definitely worth buying some BTC at this point but I certainly wouldn't be buying a lot right now.

When an asset drops value it will be because it is over valued and in order to find the floor where we will see a potential reversal, we must first understand the true value of that asset.

Prices did rocket to $20k+ but it wasn't climbing due to an increase in it's utilisation or true value, it was increasing due to a lot of 'dumb money' being pumped into the marketplace from people that were buying the BTC for nothing more than 'hope' that it will continue to climb... until it eventually reached a point where people began to hesitate and wonder, how much higher could it go?...

Since November '17 I was saying BTC needs to retest the $3-3.5k support level be making any sustainable gains.

I have been buying BTC and I will continue to buy the dips based on my own TA. I do believe BTC can fall to $1k and even dip it's head below. I would expect a clear reversal sign from all the buy orders being picked up and institutional money flooding in, driving the daily candle up +$2k.

Such an event would signal a strong reversal to me. Until then, I am staggering my buy-in's.

Good article, I love this topic. I'm in the middle of writing one as well :)