BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD             recent cycle low is already in at label "I". It was 13 week perfect cycle duration. The window has already passed by 4 weeks so that was the "low". That's one good reason we are moving up. The next cycle low should be on the week of July 6 which may be my green (b) wave.
It won't happen that fast, if it happens. At least 3x slower than you expect.
+3 Reply
user100000 ChartArt
What is "it"? Are you referring to my expanding diagonal completing?
ChartArt user100000
With "it" I mean the bullish trend change won't happen that fast, if it happens. We had a super bullish low in January 2015 and now it is May 2015 and most still think the market goes to zero.
user100000 ChartArt
The pattern since the Jan low until now I consider bullish because it is a leading diagonal and hasn't completed yet; c wave up remains. Most are welcome to buy my coins at 20K+. Of course "normal" people will not recognise the sidways action as bullish if they not familiar with EW conepts
If this a 4 which 100K thinks, then it has run it's course. 5 will happen much quicker than you think.
oaksacorn PRO oaksacorn
This 4 meaning ended at 152. 5 has begun and is reflect the same slow behavior (in the beginning) as previous 2 and minor 2 & 4.
I think will accelerate starting in 4 days to get low 400s by 6/8. I think he is spot on.
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