Author

Topic: When do you think the breaks will come on ? (Read 1338 times)

legendary
Activity: 2268
Merit: 1278
December 07, 2013, 05:22:35 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.
hero member
Activity: 826
Merit: 501
in defi we trust
December 07, 2013, 05:10:02 PM
#9
$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???
sr. member
Activity: 252
Merit: 250
December 06, 2013, 09:32:46 PM
#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
hero member
Activity: 924
Merit: 1001
December 06, 2013, 09:26:20 PM
#7

If you join, go up to top left corner icon > Options > Hide join/quit notifications.

full member
Activity: 263
Merit: 101
member
Activity: 87
Merit: 10
December 06, 2013, 09:08:55 PM
#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.
hero member
Activity: 588
Merit: 500
December 06, 2013, 08:58:28 PM
#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

hero member
Activity: 724
Merit: 500
December 06, 2013, 08:56:46 PM
#3
It will stabilize at $500.
legendary
Activity: 1937
Merit: 1001
December 06, 2013, 08:56:13 PM
#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.
full member
Activity: 263
Merit: 101
December 06, 2013, 08:44:59 PM
#1
Hi

when do you guys think the breaks will come on  with this current "Correction" ?
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