Kurt0sis

BTC D Make or Break?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
682 3 3
Putting the recent plunge in perspective, there's been several similar corrections. Will this one be the final straw? Maybe not, but this drop would need to come to a halt around $400 by next week.
This signal to hedge/take profits was posted two months ago
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Thanks for the feedback! I'm watching this Gartley-type pattern, current price retracement of 0.711 is still reasonable for a correction (last on was 0.787) and the pattern is symmetrical and 'decent'. Also, the lower blue line is an exponential curve that I'd like to see hold for this scenario to remain in play.

What would it take for price to find a bottom here? Blood on the streets.. Probably Winklevoss' blood.. ;)
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I see a lot of the same thoughts on predictions in the long run. All with just another tech analysis.
Nice one! Interesting perspective.
I think about the same (as i had written out at 17 december), though am wary for low lows of 350 or even a dip into about 220.

What would be needed to come the your predicted halt of 400?
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