If elliot is correct, I believe down to 500's

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
224 8 4
If elliot is correct, I believe down to 500's soon. However, If we break the upper trend line around 700, I expect the complete opposite....but I still feel we are still going to resume our downtrend. EDIT: update:
Agree !!
ok, i have but some more thought into my prediction, with the help of fibs...
ChsaDos Nathanael
Would you mind publishing this revised one?
ChsaDos Nathanael
Mostly interested in the fibs :D I can't draw them for the life of me.
Did you check for bullish EW scenarios as well? I can't see bullish EW scenarios in the short term either, though.
Agree, however I'm going with the lower 500's to be most likey
Nathanael Tim3lord
yea, I did not put much thought into where or when we would fall. Just looked quickly at some previous support, and went from there. Its the holidays. Drunk charting in effect.
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