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user100000
Feb 3, 2015 9:12 AM

diagonal update Long

Bitcoin / DollarBitfinex

Description

i have included the minimum target for wave 5. wave 5 is required to be larger than wave 3 in an expanding diagonal (minimum target is 333.83). i have also included a less likely target for an extended wave 5 (508)
Comments
rivet.popper
If we only touch the minimum target, then are we still on time for 28k by March 27th?
rivet.popper
And BTW, is 28k a minimum or maximum target?
user100000
it is my estimate on a semilog chart. we should look at the wave structure once the markets moves towards 3000
user100000
there is enough time for btc to explode higher. remember what happened during the cyprus crisis 35-->260? that was just cyprus
rivet.popper
Does the wave calculation have a max price though? What can we realistically say?
user100000
as long as markets stay below the 1-3 connecting line it can move much higher but requires more time. eg take a look at the extended wave 5 target on the chart
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