Bitcoin Bottom?

22 Kas 2021

Looking at this daily chart Bitcoin seems to be forming a Bullish Cypher-like pattern.

I'll be waiting in the bushes and watching to see if we get a third push to the downside to complete the harmonic.

If we do I see strong harmonic support between about $49,900 and $46,600.

A move down into the PRZ would potentially give us a back test of the bull flag break out that occurred on Oct. 5th.

The potential area of confluence that I marked on the chart would be an ideal and healthy bottom around $44,500.

I'll be looking for the price to test all the numbers in the PRZ, and then I will look to get long.

For me, this would be a spring board that could propel Bitcoin towards the measured move and harmonic targets.

What do you think?

Owhooooo!

27 Kas 2021

Not

3 Ara 2021

Not