The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility
Good analysis and it is much more worrying to forecast a price point.
On another note, Gox is lagging to an "acceptable level"