BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
81 4 1
ok so I think my longer term count needed updating, luckily it has moved in favour of my trades :)
I reckon the fall from 300s is the beginning of wave5 down, of which we have only had wave I and II so far: I think this evening we will have a bit of further capitulation and margin calls to bottom wave III             out(210-215 ?) and begin wave IV up (to 230s ?) ... then further doom ... dear oh dear!
For BTCs             sake I hope this rape(wave5) stops around 100s and moonlaunch does eventually materialise: some more hopium puhleez.

will start closing shorts around 215/if we break above 230s, and expect to short again at higher levels, though like the previous time, I don't expect the correction to last very long.
balls, I closed my shorts at 237, but am rebuilding shorts coz my count here was pretty much correct but I overleveraged on the way down and couldn't handle the margin calls: DOH. Anyway, revised my count slightly to this:
perhaps I am biased coz I haven't closed shorts yet, but I think the current rise from 215s is a abc correction, as impulsive as it may look: see wave b retraced more of wave a than a 2/5 would have. Anyway, expecting this 228 hit to be the top for now and not part of a 5-wave rise: worst case(5 wave rise) we have one wave to go before doom imho.
kumarz kumarz
duh epic fail! ... will start closing weekly(but not qtrly) shorts if we cruise through 230s
hmm, so we never ended up bottoming out yet, 210 still to be hit methinks ... I am now aiming to close shorts slightly below 210s, then probly sit out the final descent(to the abyss?) coz I've made a killing on this short, got to step out of the zone for a few days(or shall we?)
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