sehinz
Panjang

BTCUSD : correction soon but more upside to come

BITSTAMP:BTCUSD   Bitcoin / Dolar
749 2 9
BTCUSD             is still very strong in Weekly timeframe .

It seems we are within a iii             of a larger wave 3 which will end soon in the 3000 area.

Once the correction ended (wave iv), we should close the sub-cycle and larger wave 3 at 8000 (set for now but may change).

For the final wave 5, my guess is it will end in a diagonal. But we are not here for now...
Komen:
Komen: We are ending the wave 3 @ ~20k
The wave 4 should end at the top of wave 3 which is also 50% retracement.
Komen:
Komen: Still in wave 4 and should end between 4800 and 3000
I think you can check the trend on MTgox before August 2011, to me that's much like cycle wave I.
Balas
sehinz bamboodian
@bamboodian, the idea is that the i is a leading diagonal. You can find sub-cycles in it.
Balas
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