Description
⋅ This is not a trade call but my personal short term forecast for bitcoin which is mainly based on analysis of waves and structures of this instrument.
I am strongly convinced we should have at least 5 fold increase in price since the last spike in November 2013.
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⋅ Impulsive breakout with significant new high.
I expect a continuation of the bull trend to yellow zone.
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⋅ Price approach another key level and round number at 5000$
I expect a continuation of a trend to level previously marked.
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⋅ Still looks like one more up to about 7000$ level.