user100000
Long

diagonal update

BITFINEX:BTCUSD   Bitcoin / Dollar
385 12 6
wave a is in progress as a smaller expanding diagonal. ((v)) is a zigzag so expect abc up to 320.86 to complete wave a of 5 of the larger expanding diagonal
kenzboard
2 years ago
nice analysis. now that the longterm downtrend has been more or less been broken...what potential bull run do you see btc having in 2015?
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user100000 kenzboard
2 years ago
the bull market started at 166 as far as im concerned. the whole pattern is one giant expanding diagonal. wait for the market to print USD4,800 per bitcoin
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rivet.popper user100000
2 years ago
So no 28k anymore?
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user100000 rivet.popper
2 years ago
lets see what happens as the market approach 4800. if you can see two impulse waves separated by a correction the expanding diagonal pattern is most likely complete and we should get a correction from that point forward. it's too early to tell
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rivet.popper user100000
2 years ago
You predicted it at least a month ago. Now it's too early to tell?
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user100000 rivet.popper
2 years ago
yes, that was based on a semilog scale chart which is still possible. my 4800 target is more conservative/less speculative arithmetic scale target. we'll know how the market behaves as it approaches 5K
+1 Reply
rivet.popper user100000
2 years ago
ok, so at the very least you are predicting 4800 USD per coin by march 27th? thanks for your replies, btw.
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user100000 rivet.popper
2 years ago
yes, that makes sense. it usually takes at least 8+ weeks to cover such large distance from studying past "bubbles". we'll see what happens
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rivet.popper user100000
2 years ago
wait, 8 weeks from now is April 28th. you can't have it both ways. please explain where the runup starts.
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altcoinbonanza
2 years ago
i hope your right if $320. this will put us on the green.
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user100000 altcoinbonanza
2 years ago
the minimum target for the whole expanding diagonal is 332.93. the market must reach 332.93 if the expanding diagonal is the correct interpretation. but im expecting 408.81 as the "ideal" target for wave 5
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altcoinbonanza user100000
2 years ago
i'm with you on wave 5. i hope wave 5 is big enough for me and my surfboard.
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