Nathanael

Ending diagonal. Bulls gonna hate.

Short
MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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7
Here is a bearish scenario for you to chew on:

Wave 4 is currently lower then wave 1 which is a classic tell we are in a ending diagonal . Mixing this bearish sign with my secret fib prediction, I expect us to *at least* see 500's again. I was expecting us to climb up to 920 (see last chart) but now that I have seen this ending diagonal , I'm turning into a warm fuzzy bear. Going to be watching this fall closely, as this may be the last chance to buy bitcoins at an amazing price.

Good luck all.