Note: this is not a true , for many reasons. C didn't retrace to .618 or .786. There's not supposed to be a lower low below the B point, between B & C. I'm choosing to ignore these things and the brilliant strategist who dumped 3k coins at market. I will however thank them for filling 3 of my buy positions between 535 and 515. (Pro tip: average your positions.) I'm looking for a (retracement/extension) move here, not necessarily a pattern completion and 1.618% is being conservative. With the current C point not quite retracing 38.2%, would could see a deeper extension, but I'm not trying to pick the bottom- I'm trying to make bank. Don't expect price to drive straight to the target. Be patient, have a plan of action- whatever may happen.
Cheat sheet for retracements, and the likely extensions you could see them yeild:
Retracement ..... Extension (target)
38.2% ..... 161.8% and beyond
50.0% ..... 138.2 to 161.8%
61.8% ..... 121.4 to 138.2%
78.6% ..... 100% to 121.4
Depending on the news from Gox I think your pattern will see fruition, however any announcement from Gox could have a dramatic impact on the price action and makes me nervous.
...and that wasn't even real news - but the potential is real for fundamentals to sweep analysis. All the same, I stick to my analysis until the charts or someone more knowledgeable than myself makes a compelling case otherwise.