Wave (2) correction complete

BITSTAMP:BTCUSD   Bitcoin / Dollar
204 7 1
Wave v seems to have extended by 1.382 of (i~iii). The wave (2) correction is now complete at the C=A*1.618 level. I have set the recent high of 317.99 to be the first wave (1). The diagonal is no longer a correct count because of the invalidation at wave 2.

Next stop for wave (3) is 381-480 (if it extends).
is this good or bad?
Macainian Mr.Thirsty
Don't ever take this guy seriously. Ever.
+4 Reply
I'm pretty sure its not wave V, but rather wave III extension. Wave V should come probably next week.

cdlsrm cdlsrm
Wave III extended
+1 Reply
Your math looks great, but does not factor human psychology. Will the fork of Bitcoin split the price, or will the core devs merge the blocksize increase? These factors will tell the market more about which way price is headed. Hopefully this debate will be resolved within weeks (the blocksize will increase some) and then the markets will push the price back up over 300 again.
maxcarjuzaa PRO TokenBitcoin
The fork only happends if >75% of miners are mining the XT network so if fork ocuurs there will be only one network, the old network will be left with blocks each 40 minutes or longer until next diff adjustment so everybody will switch to the new one, more over the old network will be probably flooded with spam and "stress test" making the old network useless for sending bitcoins, the average user wont notice any change and nodes only have to update the software version, a very easy task to do.
+1 Reply
maxcarjuzaa PRO maxcarjuzaa
I guess that as soon as people finishes their homework and understand this, price will skyrocket.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out