steve.goeddeke

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BITSTAMP:BTCUSD 66% | 2 MTGOX:BTCUSD 33% | 1
steve.goeddeke steve.goeddeke BTCUSD, 1D, Long ,
BTCUSD: Mega Bull next couple weeks
234 0 5
BTCUSD, 1D Long
Mega Bull next couple weeks

I expect things to turn around hard in the next couple of days. As long as we stay above about 8200 I'm expecting a big rise to 12.5-14.5k in about 2 weeks. Beyond that we could see a number of things. We may have a low volatility, sideways period, or we could sink back as low at 4-5k, which would present a nice buying opportunity before another major boom cycle.

steve.goeddeke steve.goeddeke BTCUSD, 1W,
BTCUSD: Elliott Wave Picture
195 0 2
BTCUSD, 1W
Elliott Wave Picture

We've recently had a clear impulsive wave, followed by a clear zig zag corrective wave. Lots of bulls are wanting these to be a 1 and 2, but it seems more likely that we're in the middle of a big ABC correction that will take us until June (the REAL wave 1 up will be a much more impressive and sustained rally). Looks like there will be a good selling opportunity ...

steve.goeddeke steve.goeddeke BTCUSD, D,
BTCUSD: Deeper correction needed.
553 2 3
BTCUSD, D
Deeper correction needed.

Seems a very logical area for price to return to, many factors are converging on this one area. I think once this area is touched again, price can begin to move higher.

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