BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
if you zoom out, the bigger picture shows an expanding diagonal pattern just like the current 2 hour chart. market is full of fractal copies of itself. the expanding diagonal is the perfect pattern for "bubbles" to form in short order

wave ((3)) was 423.6% of wave ((1)). im expecting wave ((5)) vs ((3)) to have similar relation with a target of 4812

im not saying 28K will not happen. the above is just being conservative. btc             can easily over shoot in huge amounts if you follow semilog chart
You are missing data in your big picture analysis. I haven't figured out how to blend Mt. Gox data + BITSTAMP for a full picture. (If someone reading knows, please share how to do this!)

Anyway, the rise to 1242 (Mt. Gox) is a clear five wave impulse on log and arithmetic scale.

Wave ((4)) crosses wave ((2)) which breaks the rules of Elliott Wave so you made this an expanding diagonal with five-wave impulse sub-waves ((1)) & ((3))? ("they take the 3-3-3-3-3 shape"

This is a very forced bullish view. I think seeing all the data will help you.
Zoltan ZarNegar
Agree with ZarNegar. We need to toch <113 to activate good rally potential
Alex T. Zoltan
this is not gonna happen (as much as I'd like to load up on cheap coins)
+1 Reply
You originally said 28K was the minimum it would reach by March 27th. The top was supposed to be 93K. Now you're saying around 4800 and by August 2016.

You are not consistent and it's difficult to take you seriously when you make wild claims that you seem to change on a whim. If you don't explain your thinking on why you changed everything you won't have many readers.
+1 Reply
user100000 rivet.popper
hi, pls ignore the time aspect of the above chart. i recently found a good fib relation between ((3)) and ((1)) and it makes sense for ((5)) vs ((3)) to have the similar relation. the above chart is the most "realistic" i have posted so far. the 28K is a possibilty but is more speculative target because it involves drawing lines on a semilog chart which may not be as reliable as arithmetic scale

im happy to share my ideas with everyone. thanks for viewing
+3 Reply
rivet.popper user100000
I appreciate your reply. So what is the calendar for your targets please?
user100000 rivet.popper
please give me some time to study hurst cycles or more likely use the hurst cycle software to get some good timing info. i shall post an update soon
+3 Reply
lol sure, buy the dip mate.
+1 Reply
:D lets dream together friends! Nice to see happy charts
+1 Reply
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