Possible Elliot Close

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
144 4
Considerable resistance. Minimal support down to $101, a little more at $93. Looks like a possible break south.
I disagree with the count. The large price rise from 93 is a 3 wave. The action after that is a 4th. A 5th wave will follow shortly, imo. Then there will be a pullback, but only to setup the next wave up. Time will tell, soon enough, if my count is right, or not...
+1 Reply
I think that it will correct first, then break out up.
IMO as we've now entered a Bullish stage its more than likely to head agressively to the upside
nobulart BullFish
Could be right Joe. The large movement at 03:45 seemed like a large fish propping things up, making the bullish trend appear somewhat artificially supported to me. I'm very new to the pond, so any comments are most welcome.
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