kumarz

05May2015_BTCshort-mediumtermUncertain2Up

BITFINEX:BTCUSD   Bitcoin / Dollar
54 3 1
I reckon the odds in favour of that consolidation I was expecting are diminishing, and given we've stayed above that long-term blue trendline for a fair bit of tme(and not just wicked/spiked above) suggests we're headed to meuhnn, but I ain't too convinced yet.
Also note we've had a clear 5-wave             impulse since the 5-wave             5th dive from 239 to 214 that rose further than 239(the prior 4th wave). Expecting an a-b-c correction(that will hopefully stay above that longterm blue trendline ) before a violent rise. And I'll have to rethink things a bit if we crash below 229ish(50% of the last 5-wave             upmove)
I've been getting too lucky lately, beginning to reduce positions in fear of hubris. This chart playing out well, keeping longs open for now as we didn't decisively go below 230s.
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I'm thinking violent wave-3 up from here but too chicken to go long just yet, will probly start from 249s and still have a long way to go :)
snapshot

Count invalidated if we go below 224
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kumarz kumarz
DOH so I did go long and boom, epic fail again! Got to re-do my counts as it seems DanV's one is playing out at the moment ...
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