I thought I'd give my take on the path forward for BTC. Because of the large moves that BTC makes you pretty much have to use a log scale for any long term chart. The other interesting thing is that I make that bump from the Jul/Aug time frame the first wave of wave (3) because it just looks out of place for it to be part of wave (1). As large as this recent correction may appear, it looks rather normal on a log scale. So the future is still very bright for the 800 pound gorilla.
