user100000
Long

Red c wave update

BITSTAMP:BTCUSD   Bitcoin / Dollar
838 5 11
I believe wave ( iii             ) is underway and opened with a mini expanding leading diagonal as wave one. Expecting a breakout of the "downtrend" line so wave 5 of the diagonal could complete
Just curious, when we do finally reach "high" numbers (defined as whatever you think is high), are your charts going to start pointing down all the time or will they continue to point up?
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user100000 Macainian
I will probably retire and sail around the world when my high is reached
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Macainian user100000
Well I wish you the best of luck. :)
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In the short term we will be going to 260-270 range. After that we will being coming back down and hit some lows we haven't seen for a few months. I just wonder, will your charts keep changing to point up as we do those moves? What logic do you use to make these charts? Seems you are just waiting for your prediction to align with reality.

I mean if I roll a 100 sided die and tell you it will land on 17 and then I roll it and it lands on 52 and I claim that the next time it will for sure land on 17 and then it lands on 89 and I continue this procedure, eventually it will land on 17 and I can say "See I told you it would land on 17." That's not a forecast or prediction, that is probability that you will eventually be right.
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user100000 Macainian
The logic is wave counting. Please take a look at my 4H chart showing the large expanding diagonal formation since the 152 low. The market is in final stage of completing this diagonal (wave (a)). BTC will experience a prolonged bull phase all the way to 20K; any retracements should be bought. Please take a look at my big pic chart which explain my overall view of the BTC market
big pic
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