JimFred
Short

Is a wave 5 down dead ahead? btc

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
140 0 0
I have come to the conclusion that my earlier prognostications that the bear market ended ~88 last week were premature. I now believe that selloff was a wave 3, and the action since then has been a wave 4.

This suggests that the final wave 5 of the bear market is due. If it follows the expected path, it might take us all the back to ~ 48.

I've been wrong before, so of course I am prepared to change my thinking quickly if the market shows me I am wrong!
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