http://i.imgur.com/rznEiAw.png
You gotta understand low support levels don't exist when there is panic in the market.  I would say this would be a bear market or a depression.  I have a hard time believing this is the lowest it will go as far as BTC. I'm just being real since $1200 their has been a surge in random people getting into btc and other cryptocurrencies that knew nothing about it. Also the market cap in cryptos is so freakin small this is still a baby. in the bigger picture. nobody uses it. What are we correcting? there has never been a correct spot that wasnt effected by fomo in the last 4 years. This fork changes all of that. People will be taking profit. Big investors/miners I know I did and believe me it didn't go into dollars and if it did they better buy something good quick.

http://i.imgur.com/ORWjBum.png
If you are trying to buy now would be a decent time maybe put in half you can afford to lose and another half sometime after the first. That is what I will be doing but don't be surprised if the market cap reaches 55 or below. All the bitcoin hodlers are not going to keep this thing afloat like i said. I think it will dip until people get excited about it going up and then the masses will buy too late as it dips again. The bitcoin space seems to me to be people that believe in the technology and people that are pure speculators. People are selling during reds and buying during green. depending on where you come in at and leave that isn't 100% a bad thing especially from me I am seeing it from a mile away. I just grabbed profits where I would have been down thousands of dollars. If you haven't sold now just hold. You might as well gamble while you are in.  In my opinion you missed your chance to get out. again depending on when you bought in.

As far as after the 1st I believe bitcoin could still have a bright future. I hope it does. The USD is a sad sad greedy joke and I actually think once it falls the government wont really have much answers or anything for people to transfer their wealth to. I think all the fiats will fall with the dollar and we will have to do our own thing which we should have been doing all along. That is how we have all got into this mess.

As far as bitcoin taking a shit affecting the entire crypto market. I am not 100% sure I agree with that. I think if bitcoin dies there will most certainly still be cryptocurrency.