JimFred
Short

wave 2 down complete?

MTGOX:BTCUSD   Bitcoin / Dollar
180 2 2
I seem to be seeing 5 waves down, and 3 up on the 15 min chart --

is a wave 3 down about to start? looks like it
To answer my own question ... probably, yes. the first 8 candles of the wave show 5 waves. ie, wave 1 of 3. The price range was almost exactly 2x the range of wave 1 of 1.

snapshot


my advice is "stay sharp"
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Great chart, thanks Jim.
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