DislikedHowdy Y'all. Bitcoin holders are gonna hate me for this but I still cannot see the past 3 weeks action as anything other than a major retracement. (Wave 4 of the down trend) First I will qualify my next predictions. 1. No predictions are ever a certain thing. 2. So long as 770 is not taken out. I say 770 because if there is another wave to come for this move, that is where it should end. I have 3 targets to the SOUTH......... 555, 430, 230. Duration. 2 Months. (End of July) If I am wrong....A bounce at 555 will carry on to 990 if not capped at 770,...Ignored
Yes, I also have 555, coming up as the most likely target.
Venzen,
My last chart from yesterday was wrong, channel is busted, this look like a "real" abc, I'm seeing 645 for b and then, will see. I doubt it would overlap april's top at 540, this level is also fib .618 and wave iv of this upmove, so it's the best target I have so far.
Regarding the similarity with april 2013, the triangle in April was different in shape, may be both are wave 4, but even so, the current correction is more like an ABC on most exchanges. This correction is the longest in BTC history, and most of the PA has been below the fib .5. This is definitely unique
Last thing, I keep having LTC on my mind and the chart is bugging me. Do you have any count for it ?