One more up before a major corretion

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1340 3 8
The price action has completed a classic ABC correction for the up move. Moreover, with the release of the segregated witnesses in the next bitcoin             client update, there are fundamentals to support this up move.
Comment: I believe that it will take five months or more to complete this move.
Comment: Trade closed. This will break $480.
Many would say your initial analysis was spot on, and remains so, but you seem quite determined with the change of heart here?
Current move to the upside looks corrective, unlike previous moves. The structure looks like it is entering a year long correction to the $450 instead of a fast move to $900. May be this is just me. You may have a different opinion. That is the beauty of the market.
dub00 meghal.jani
I am divided. I was very keen on the idea of a move to the late 400's. Then the bitfinex hack helped spike that last low of 470 or so and I was sure it would not end with that. More recently I have been doubting myself which is why its interesting to see your current view, and I like that you are perhaps in a minority here but following your convictions regardless. Thanks for responding.
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