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joburgtaxi (OP)
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December 07, 2013, 01:44:59 AM
 #1
Hi

when do you guys think the breaks will come on  with this current "Correction" ?
kwukduck
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December 07, 2013, 01:56:13 AM
 #2
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.
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Sharky444
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December 07, 2013, 01:56:46 AM
 #3
It will stabilize at $500.
Radix - just imagine
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December 07, 2013, 01:58:28 AM
 #4
$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.  Shocked


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    Huh
      
L5   76.40%   455.1
      
L6   100.00%   212.0
mateo
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December 07, 2013, 02:08:55 AM
 #5
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.
BTC to the moon!
joburgtaxi (OP)
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December 07, 2013, 02:16:22 AM
 #6
The IRC is alive with chatter

https://webchat.freenode.net/?channels=bitcoin&uio=d4
BittBurger
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December 07, 2013, 02:26:20 AM
 #7
Quote from: joburgtaxi on December 07, 2013, 02:16:22 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.
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PenAndPaper
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December 07, 2013, 02:32:46 AM
 #8
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  Tongue
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December 07, 2013, 10:10:02 PM
 #9
Quote from: 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.  Shocked


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    Huh
      
L5   76.40%   455.1
      
L6   100.00%   212.0



Are telling me this guy



Is an expert bitcoin trader???

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Ibian
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December 07, 2013, 10:22:35 PM
 #10
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.
Look inside yourself, and you will see that you are the bubble.
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