A possible path of a big Bitcoin correction (4xForecaster chart)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin can go both ways - bounce of $600 again or finally make a larger correction and go below $600 US Dollar . Thereby creating the sell pressure to dive down further before it then bounces of somewhere between $585 to $525.

Here are my thoughts how the bounce might look like, if Bitcoin makes a large pullback and bounces of $525 and then resumes the uptrend in October, November and December (Q4 2014).

This is my adaption of 4xForecaster's bullish Bitcoin outlook. Original version of this chart with his thoughts can be found here:
I have added related Bitcoin charts that contributed to my thinking.
Cmon 805, hurry up
boom. nailed it.
+1 Reply
ChartArt flibbr

But now we have to stay above $500 to make the entire forecast (the bullish correction to $700) come true.
+1 Reply
Here we go, bears are out!
+1 Reply
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