BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
i want to clarify my market outlook for longer term. i believe the market is in a supercycle wave ( III             ). this wave is a "trending" wave and should channel well all the way to the top of wave ( III             ). once the market reach 4812 and complete the expanding diagonal (wave I) we should get a 50% correction which is classic wave two behavior then resume uptrending. using arithmetic scale chart a target of 20K is reasonable for supercycle wave ( III             )

pls             ignore the time aspect of the chart
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