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Title: When do you think the breaks will come on ? Post by: joburgtaxi on December 07, 2013, 01:44:59 AM Hi
when do you guys think the breaks will come on with this current "Correction" ? Title: Re: When do you think the breaks will come on ? Post by: kwukduck on December 07, 2013, 01:56:13 AM Maybe we will stabilize for a few days or a week but the week before Christmas we will go into freefall probably finding the bottom at about 60-80. At the start of 2014 we will slowly recover towards Bitcoins real value of about 120 USD.
Title: Re: When do you think the breaks will come on ? Post by: Sharky444 on December 07, 2013, 01:56:46 AM It will stabilize at $500.
Title: Re: When do you think the breaks will come on ? Post by: CMMPro on December 07, 2013, 01:58:28 AM $453 is the next major support line (after the big correction 11/20)....if that doesn't hold we could go as low as a full retrace to $211. :o
Here are the Fibonacci numbers for this long rally. High 1242 Low 212 L1 0.00% 1242.0 ***Broken*** L2 38.20% 848.5 ***Broken*** L3 50.00% 727.0 ***Broken*** L4 61.80% 605.5 ??? L5 76.40% 455.1 L6 100.00% 212.0 Title: Re: When do you think the breaks will come on ? Post by: mateo on December 07, 2013, 02:08:55 AM If Chinese fire sale it might drop all the way back to 200, but I don't think that's gonna happen. It might even jump back up a bit to around 800.
Title: Re: When do you think the breaks will come on ? Post by: joburgtaxi on December 07, 2013, 02:16:22 AM The IRC is alive with chatter
https://webchat.freenode.net/?channels=bitcoin&uio=d4 Title: Re: When do you think the breaks will come on ? Post by: BittBurger on December 07, 2013, 02:26:20 AM The IRC is alive with chatter https://webchat.freenode.net/?channels=bitcoin&uio=d4 If you join, go up to top left corner icon > Options > Hide join/quit notifications. Title: Re: When do you think the breaks will come on ? Post by: PenAndPaper on December 07, 2013, 02:32:46 AM There will be a lot of bounces some of them in psychological barriers. I think timing of good news will play an important role in where the price will settle down. If those news ever come :P
Title: Re: When do you think the breaks will come on ? Post by: niothor on December 07, 2013, 10:10:02 PM $453 is the next major support line (after the big correction 11/20)....if that doesn't hold we could go as low as a full retrace to $211. :o Here are the Fibonacci numbers for this long rally. High 1242 Low 212 L1 0.00% 1242.0 ***Broken*** L2 38.20% 848.5 ***Broken*** L3 50.00% 727.0 ***Broken*** L4 61.80% 605.5 ??? L5 76.40% 455.1 L6 100.00% 212.0 Are telling me this guy http://upload.wikimedia.org/wikipedia/commons/thumb/a/a2/Fibonacci.jpg/220px-Fibonacci.jpg Is an expert bitcoin trader??? Title: Re: When do you think the breaks will come on ? Post by: Ibian on December 07, 2013, 10:22:35 PM Instead of relying on astrology, just look at the current graph.
https://bitcoinaverage.com/#USD|nomillibit 7-800 is the new floor. Give it a few days and it should start rising again. |
