Vatis
Long

Bitcoin Upward Channel (Elliott Wave + RSI)

BITSTAMP:BTCUSD   Bitcoin / Dollar
I've been looking for the Elliott wave and suddenly it became clear to me. Have a look at yellow retracement - it can be a good sign for the azure upward waves. I think that it confirms the green channel idea.
Looks very plausible, a scenario of movement I also presume in case of an uptrend, although I doubt wave three will go higher than 560-565...
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I don't know good you are with EW or its application within the EW Rules.. I'd have to consult resident EW expert DanV as to the validity of the theory you've proposed here... but I do like and agree with the price action predictions.
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