I found this chart and it's  pretty similar to the one being painted here.
http://i.imgur.com/YiMzdkY.png

But as much as I can  like the the fact that the pattern isn't misshape i don't like their proportion in time and space.

I don't know if you saw that triple top in the S&P 500, may be I'm not the only one to see time more relevant than price targets, so what about this  :

http://i.imgur.com/fYFAeE9.png

It would allow a bear market with a more realistic (understand higher than... a dollar or ten) lower target, and would place the end of the actual bull market later than now.

Staring with a significant low li'd see more {2} as a WXY, it make more sense to me on the scale of time.
The rule of  wave 3 being the longest wouldn't be broken, and the time between every waves 1 to 3 (and every sub-waves included ) would equal the time between every waves and sub-waves 4 to 5.

Also it would  match with the sentiment of people (when reaching past top/low)  and with the fact that $32 wasn't breach in April.
In my opinion only more people cashing out at higher prices to be a  millionaire would justify the wiping-out of most of bitcoin history.