BTCE:BTCUSD   Bitcoin / Dollar
281 4 2
Technically, the fibs for wave 1 project BTC ultimately to $2400. The issue is that the wave 2 retrace didn't even stop at the .864 retrace. So, it may be may be this is totally wrong and we are in a bear market. However, if the price action puts in a standard structure from here on out, I'll go with it, always watching for invalidation of this roadmap. Don't say I'm crazy. I'm saying it WILL happen. It's just what the fibs suggest today.
Sorry...I'm so bad at typing fast. I'm NOT saying it WILL happen. But if it continues it is probable.
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This doesn't reflect time. Though I may attempt to project time as we get more structure.
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We can't stay in wave 2 forever, can we:)? And what is the most beloved wave to ride, big time? Wave 3!
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Yes sir. Though this maybe is really struggling to get a third of one degree lower than on this chart. Doesn't bode well for immediate bullishness.
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