Shantee
Short

Am I the only one thinking BTC could / should go down a little?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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By down i don't mean a huge crash but i believe it could reach and even should be at 125 - 130 in the next couple days / hours ?

I just checked that old chart it looks like i was right finally see !! :)
Many won't agree with me but I i predict the price could come back closer to that big red line you see on top of this chart :) in the next few days (i don't think it 's going to touch it though
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daehbew Shantee
I um... started to doubt that first chart, but... I'm a believer again, so I hope it does go sub-400......... we'll see I guess eh?
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taget #1 reached.. ..now what about 1255$ ^^ ?
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@apower
"I hate to be that guy, but "
no on the contrary ! thanks a lot for making me notice my "mistake" (even though as you say it doesn't really make my graph wrong^^). I'll be more careful next time ^^ gosh , let's say i was tired that day:)
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I hate to be that guy, but isn't your fib retracement backwards? The price touching what should be 0 doesn't matter for retracing a probable decline. The price not being able to break the 8/31 high is important. But you'd only want to set 1.0 to that high if you were trying to project a continuation or new up trend to the 1.61 or 1.28 (or 1.382).
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No the green line is something "different" let's say it's not as important as the red or the blue ones for example . The green line can say things, but we also have to listen to what the other elements are telling us. I am talking about elements based on the chart and of numbers of the present and the past of course not about news, rumors, informations that are written anywhere else and that i never take into considerations.
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And if it returns to the other green line like it did 2.5 time before on the picture? There is a chance it would go up even higher. And then why not higher?
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135-136 strong possibility....IF will go down a little
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