JimFred
Short

5 waves up from July low are complete

MTGOX:BTCUSD   Bitcoin / Dollar
229 11 2
You should know what THAT means.... The correction which ( imo             ) is imminent will be correcting the entire advance from 65 in early July. So, it should be a "good trading opportunity"... happy trading...
In my count above, I clearly failed to see a huge extension of wave 3 was developing.... Now that things have quieted down, I have decided to publish my current count. I believe that we are now in the early stages of a wave 4. I believe wave 3 is finally over at 378 - and what an amazing wave 3 it was!!!
You can see my current count at:
snapshot

IMO you should watch 11/17/2013 ...
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It wouldn't surprise me if wave 5 extends too - so, this bull run is not likely anywhere near over yet...
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wave 4 confirmed? :)
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I say this as a fan of your work - I'm just not seeing this happening (any time soon). There is still immense buying pressure below. It will take a lot to scare the true believers away this time. Patience I guess :)
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Minbari, you are clearly correct - my count was wrong - there was/is? a major extension going on that i did not foresee. My "guess" now is that the top is still a week or so away, and at least $100 higher. Fun ride though, huh? we'll be telling this story to our grandkids :-)
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if i should call the top -> 295$! :P
I HOPE this is the 5th wave.... so i am just waiting
how much do you think the correction might be? 50%? o
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So, as I said, $50 by February!
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ShortThePlanet ShortThePlanet
Happy Olympics all!
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ShortThePlanet ShortThePlanet
because of this
snapshot
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Agreed about correction, but I counted the waves another way. But... whatever ;)
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