posted on Apr, 12 2013 @ 08:40 AM
Bitcoin Bubble Burst Over for Now! BTC dropped 80% to Major Support in the 55 area. BUY EM! if you trade or use them. Elliott Wave wise it appeared
that we had a complex B wave (abcde:B>190~) and now we are nearing the low of 5:C (the low is likely in & the 5th wave should fail above the 55 low).
It is amazing how fibonacci is playing out there:
High: approx 2.618 x 100
Drop: fiboncci 210
Low: fibonacci 55
Fibonacci Series: 0,1,1,2,3,5,8,13,21,34,55,89,144,233.....
edit on 12-4-2013 by CosmicCitizen because: (no reason given)