user100000
Long

Wave (d) of triangle update

BITSTAMP:BTCUSD   Bitcoin / Dollar
It is most likely a wave 4 contracting triangle; a lot of sideways time consuming action. It isn't a wave 2 because triangles aren't allowed in wave two in general. So wave a is still underway.
Time consuming is right. Like a year-consuming. Jesus...
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user100000 rivet.popper
Good things take time.

Please take a look at this Russel 2000 chart by analyst Mr Sid Norris
http://elliottwavepredictions.com/wp-content/uploads/2015/06/RUT-monthly-6-12-154.png

This is the same pattern BTC is trading. We are at Cyan 4. Note the 1 to 3 connecting lines above that is extended upwards. The market actually touched that line on a semilog chart! I was being conservative with my 21K target
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