BITSTAMP:BTCUSD   Bitcoin / Dollar
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if the whole pattern is A, B, C, then the maximum reached is marked with (A) and regardless of the level reached, the correction will be by zigzag , very successful
Do you ever wonder if the application of the old stock & commodity charting paradigms may just break down with BTC and other algorithm-generated cryptos? I know Elliott waves & Fib levels are supposed to be attuned to the natural ebb & flow inherent in the very fabric of the universe (No, for real -- I'm serious), but perhaps we introduce just enough of the artificial to interrupt that flow. For instance, analysis by longforecast d.t com suggests no major breakdown for another three years when they project valuations to be ten times what they are today.

I really don't know the answer to the question I'm posing and don't really think many other people could either, but I suspect that something very different is being engineered that we can't necessarily analyze with the same tools going forward.
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Mcafee is not going to like this time line .
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BabaGoli RahulBarua
@RahulBarua, I did not consider the time option, strictly the price level.
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