JimFred
Long

btc current preferred wave count

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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I have materially changed my preferred wave count, as I realized that my previous count violated a rule - wave 4 was overlapping wave 1. The new preferred count fixes that mistake.

It also means that the big push up at wave (4) is a wave 5, not a 3 as I previously thought. This is huge because it means the current meandering is not a wave 4, but a correction to completed wave 1. That means wave 3 should begin shortly. That is significant. of course.
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