slam.blambacid

Bitcoin 2011 comparison

MTGOX:BTCUSD   Bitcoin
- A possible counting shows we are in correcting wave 2 of superwave 3 (2/3), being $1200 -> $20.000 impulse wave 1/3
- Comparing with 2011 wave 1/1 , fibonacci time measurments point a similar ratio has already been fulfilled
- Retracement (bear market) should be over as soon as it closes above 50day MA
- Don't expect strong volume reversal nor new ATH soon
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