The bigger picture.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1024 6 6
View on the long run. Right now I am short, target 400.

I see a resemblence in the last peaks with steep RSI declines, bouncing at around 50-ish at the weekly.
The decline we are now in looks like last two.

Going back to 400 by jan/feb 2014, with an intermediate bounce to ~800.

Next bullrun april 2014 $2250? India pushing :)
Than with the ETF in sight and all the participators all around the world (especially upcoming economics) trying for another uber strong bullrun to 4k - 5k by October 2014.

Only IF demand stays. Break out of the wedge expected Q1 2015.
I expect a new digital currency will be created by institutions (regulated) at around 2014/2015. The Bitcoin             has been its succesfull predescessor making the road clear for another era and it will fall bigtime.

First published idea.
Thank you! Appreciate you're reading it.
Made this chart at 17 dec 2013. Right now, it almost plays out perfectly.
$350-413 at about the 17th of February I said in December.

Its a simple chart, but with complex Elliot and other indicators I come to about the same conclusions.

I am actually amazed myself, almost calling the right day... What a luck!

Safe trade!
Nice prospections :)
Nice chart. Very unlikely future scenario.
thats like a infinitve cup & handle :)
Yes, you may or may not give comments!

We reached 455 yesterday and today 715. Getting close to my predictions, in price. Timewise its all very fast.
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