CryptStorm
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December 06, 2013, 10:38:44 PM

If this thing unrolls down to 500 or 350, as I hope it does, it's not going to happen this weekend, IMO. It will be all winter that we take a slide, bouncing off a moving average, finding new lows. It's the same as finding the $70 bottom from the April hike, and same as before that.

For this 'weekend' (it is a 24 hour market, yo), the massive downward pressure will overcompensate, and we'll likely retouch in the 1k range, though perhaps not seeing much higher than 1100 and bye-bye to 1200 for a while.

As stated before, there's time to unwind your positions, careful out there. *says while standing in front of mirror*