raifniall

Still bearish?

raifniall Updated   
BITSTAMP:BTCUSD   Bitcoin
Everyone is flipping bullish. For what it's worth, I still think we are in for another round. If you look at last year's crash, you will see an extremely similar pattern forming.

If we break out past 14500 strong with high volume, the formation is invalid.

Long term, I am extremely bullish on BTC.

Good luck :)
Comment:
Many apologies, I messed up the wave count. (B) should be (A), (C) should be (B) etc., and (E) should hit into the area marked `buy zone'.
Comment:
The rise didn't happen as quick as expected, but I am still expecting the analysis to play out. As a result, however, the high will be lower than predicted.

Good luck folks :)
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