Hellork

From 1240 to 124 (12/4/2013 to 1/24/2014) Tinfoil Hat Edition

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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3
Drawing fib circles from the low start of trend on the 10.2.2013 date to the "end of trend" on 1.6.2014 (wait a minute, 1.6? as in 1.618?) intersects the .5 retrace on 10.2. 2014 * 1.618 = 1244.7 / 10 = 124.47.

Draw an extension line connecting the lows on 12.1.2013 to 12.18.2013 projecting downwards and matching the angle of the prior downtrend before Bitcoin became horrendously, egregiously, and precipitously overbought.

Draw a virtical line on 1.24.2014 (wait a minute, is 2014 just an anagram for 1240?). Notice where the two lines intersect, right on 124.20 and exactly intersecting 1.618 on the fib circle!

Don your tinfoil hats and draw a horizontal line on 124.20 to complete the pattern.

Comments

Looks like it's aiming for the bigger circle, around $50. Ouch.
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Scroll back and notice how the circles line up with April's crash. Eerie!
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