HenningGurth

One possible environment.

MTGOX:BTCUSD   Bitcoin / Dollar
955 1 3
Only with the confirmation (break down the triangle) you must open short positions selling futures .
I agree that the move from 88 to 115 was an abc correction. By my count we are currently in wave 2 of the larger wave 5 down. I see big support just south of 80. If that fails, we could be headed all the way back to around 47. That will finish the bear market, and wave 3 up begins. We will see...
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