JimFred
Long

Current preferred BTC wave count

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
234 0 2
My alternate count (not shown) is that 101 did NOT finish wave 4, but is instead a C wave, followed by an X ( double 3 ensuing). It was the apparent appearance of the sub minuette 3 (*1*) that made this my (current) preferred count. If this prefered count is correct, another 3 move up should come soon. If it does NOT, I will make the alternate my preferred.

To be fair, I am already questioning the price movement after the *2* at 104. It looks suspiciously more like a corrective move than an impulse.

Either way, we are in a 5 wave up. The 8 week bear seems dead. I will update this chart from time to time, as my count changes with new information.
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