Marcus Antonius
Long

Going Long at 780

MTGOX:BTCUSD   Bitcoin / Dollar
106 2 1
For you Elliott Wavistas out there, I'm thinking 780 is a good spot to go long for Wave 2 of this Wave C. Making Wave v equal to Wave iii             gets us to 780, plus its a 50% retrace of Wave B. Plus it's been a resistance level . OK, tear me to shreds.
If you look at the closes only, as Elliott and Prechter did, then there is no overlap
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My only concern is the overlap in your iv and i. No other exchange has this overlap so it may just be someone trying to break the count on Gox to spark a rally. That said, this is my expected count as well
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