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Question: Which recent low do you see being taken out before the new year?
None. The bottom is in.
575 ~ December 6-7
450 ~ Novemeber 20
290 ~ November 10
Lower than 290

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Author Topic: How low can it go?  (Read 860 times)
shmadz
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December 18, 2013, 01:39:51 AM
 #1

The numbers and dates are taken very roughly from the 4 hour chart of Gox from bitcoinwisdom.

Spoiler alert: stop reading now and make your choice.




OK, I was just looking at that 4 hour chart and I'm wondering how many of those recent lows we are about to test. The chart looks kinda sick right now. And then I saw this from FOX http://www.youtube.com/watch?v=sV1t-YYkCiE  ... Anytime I see fox giving a favourable interview or segment, I am very wary.

And then the dude drops an obvious "BitCon" at the end (fast-forward to 8:00) and then it really makes me wonder...

So what do you think? How low are we gonna go?

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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December 18, 2013, 01:46:55 AM
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December 18, 2013, 01:48:27 AM
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December 18, 2013, 01:51:42 AM
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who knows. I hope it drops to 200. I wouldn't call that segment favorable. Its more the opposite.

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shmadz
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December 18, 2013, 02:00:40 AM
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who knows. I hope it drops to 200. I wouldn't call that segment favorable. Its more the opposite.

I'm already 90% btc to 10% fiat in my trading account, though if it went that low I can always scrounge up more fiat.  Grin

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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December 18, 2013, 11:46:47 AM
 #6

Update: well, that didn't take long, 575 was taken out like it wasn't even there, though the 450 level does seem to be putting up some resistance.

I'm still hopeful that we can break out to the down-side and start the new year off in the 150-200 range (which is still 1000% increase from previous Jan 1)

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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