Quote from: RyNinDaCleM on June 29, 2015, 09:07:11 PM

My take on the log trend is that the market will have to make an important decision within a few weeks. That will be either the catalyst for the (at least mid term) bull market or the failure and continuation of the bear market. If it can pull away from the down trend then a nice rally should follow. But it is still my opinion that lower lows will be had before ATH's.

I believe I posted a chart in chessnut's thread about the Big B wave idea... Ew technician's also use time as a guide line. In Bitcoin I have observed that it's far from perfect, but very often it is right on, and almost always is within a small margin of error. What I'm getting at is that the time spent all those months of down down down add up to about the expected time spent in the wave A of a 2nd wave of one larger degree.

Take a look here

A wave-II takes 61.8%-161.8% of the time taken in the Wave-I. Trading view tools are a little retarded sometimes. I assure you those numbers are correct. I would even accept a little error, but that bottom is still so far ahead of time. At best, we have completed a smaller wave 4 and could see ATH's before LL's, but I'll see if we can break $400 first.

I agree with luc that what we have seen is a completed zigzag from the top to 152, and that things are looking pretty bullish lately, but I disagree that what we have off the bottom is impulsive without ignoring waves that are there or assuming waves that aren't there. So I'm still for the large B wave if we see a decent rally here.

Sounds legit. And because it is unexpected, probability is high it even works out this way. On the other hand. I think bitcoin develops in steps, as it tries to find it's real usage in the world. While I am not seeing $70 on the wall. I could easily see a retest of current values after a mini-bubble to ~$700.