user100000

big picture

Long
BITSTAMP:BTCUSD   Bitcoin
if you zoom out, the bigger picture shows an expanding diagonal pattern just like the current 2 hour chart. market is full of fractal copies of itself. the expanding diagonal is the perfect pattern for "bubbles" to form in short order

wave ((3)) was 423.6% of wave ((1)). im expecting wave ((5)) vs ((3)) to have similar relation with a target of 4812

im not saying 28K will not happen. the above is just being conservative. btc can easily over shoot in huge amounts if you follow semilog chart
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