A reasonable Elliott Wave count for BTC/USD at Bitstamp. It is not clear if we are still in Wave 4 or have started Wave 5. There can be an argument made for an alternate count with Wave 1 complete at the 6/16 high instead; in that alternate count we would still be in Wave 3. Market sentiment seems to tend to agree with a Wave 3 top being complete with Wave 5 still to come.