In the attached chart you can see that we just formed a perfect bat on weekly futures on the lower time-frame. The Elliott Wave count also supports this being the end of the pattern by way of the terminal impulse in the Wave v inside of what I believe to be Wave (c). If this is correct it means that this big daily correction on bitcoin is not over, and that we are actually in the middle of a Flat, which means we should get one more impulsive wave to the upside before we get another big dump. Time-wise this all makes a lot of sense because the move from 219 to 244 is too small compared to the move from 294 to 219, which it would supposedly be correcting. Also the dump starting from 245 high retraced very slowly and still has not broken the 219 low. Also, the end of Wave c of (2) on the daily chart lines up perfectly with Quarterly Settlement on OKC futures. My guess is that we should finally get the really big dump right after quarterly futures settle.
Other signs that this is bullish are the daily bat that appear on BFX and Houbi, The 76.4% retracement of 295 high, The daily momentum starting to shift up, Daily bearish momentum getting weaker. and Lower time-frame bullish divergences.
An important thing to note: This new wave up should be a Wave c, which tend to have breadth. Meaning, that we should see a collective of altcoins pumping with bitcoin. Since most of the alts are pinned against bitcoin, chances are that these are going provide much larger percent gains than bitcoin. I am personally going to keep my eye on XRP, Dash, STR, and LTC, however, I'm sure there may be others that will pump that I'm not watching.
scamco.in/2015/06/07...ore-big-flat-action/
www.whaleclub.co/signals/s/cLQ4id
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