Capitulation phase, despair coming soon.
It's the same with every coin.
It's the same with every coin.
This chart is the fraction of what will happen in this coin.
http://en.wikipedia.org/wiki/Elliott_wave_principle
Just take a look at this and see for yourself. Bitcoin survived through this same thing before and blackcoin proved it is even better than bitcoin. Just wait for a few weeks and you'll see yourself.
According to Elliot wave principle durations for waves:
Grand supercycle: multi-century
Supercycle: multi-decade (about 4070 years)
Cycle: one year to several years (or even several decades under an Elliott Extension)
Primary: a few months to a couple of years
Intermediate: weeks to months
Minor: weeks
Minute: days
Minuette: hours
Subminuette: minutes
We just experienced the minor one.