Kappy

The Historic Rise of Bitcoin

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
Clear five wave impulse. Measured in price and in percentage terms Wave ((3)) of I is not the shortest. Wave ((4)) does not overlap Wave ((2)).

This chart is on log scale. On linear scale, the five wave rise can just as easily be counted with no overlap.

Since MTGOX shut down this chart will be continued using a BITSTAMP chart to show the currently unfolding Wave II.

Closing data Start End Price Move Percent Move
Wave ((1)) 0.05 31.91 31.86 63720.00%
Wave ((2)) 31.91 2.05 -29.86 -93.58%
Wave ((3)) 2.05 240.11 238.06 11612.68%
Wave ((4)) 240.11 50. 01 -190.10 -79.17%
Wave ((5)) 50. 01 1240 1189.99 2379.50%

Comments

Yep, that's one possible count
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