Same ratios on this movement

BTCE:BTCUSD   Bitcoin / U.S. Dollar
652 12 3
I used the fib tool and changed the ratios to match the swings in our first move - marked 1, 2, 3, 4, 5. I then laid those ratios over the next rally and was surprised at how similar they are. Starting at 1 we have hit 2, 3 and 4 spot on. Assuming we will continue this, our next swing 5 will bring us down to 700 area.
Sequel to this chart here
Now, add an Elliot wave bud, your "5" is too high, the 340 doesn't look out of range! try it ;)
I had it set for a 920 sell, but didt notice the 100Btc order at $898..and then the other two at $900 (now two) so i cranked it back quite a bit..Hoping it hits $893 in the next hour, and ill wait to see, but I think it will drop big time after this last rise, like you predicting
Hmm..looks like it may be going the way I predicted..crossing fingers
TheChasm DeanGoncalves
Goodluck! I am not comfortable trading in this area right now
My feeling is its going the opposite way and will hit near $920..I hope I'm not wrong..i'm betting on it..
it was half way in between .7 and .1 which is about 880
Bonavest TheChasm
Ahh ok so we have probably broken this prediction for now then?
TheChasm Bonavest
No we haven't broken this pattern chart's expectations yet
TheChasm TheChasm
We have passed the .85 price which was about 870 but I want to leave some room for error now that we are going sideways at 880 before dismissing this chart. I added in .85 on this chart
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