BTCUSD bounce UPDATE: Bitcoin bottomed or one more dip to come?
Updated
Maybe it has bottomed and we go up from here.
But I think we still have one more leg down.
How far this bounce rises will tell a lot.
Of course, lots of folks are calling for 1k and such.
Sure that is possible as well, but for now I am looking to catch the serious retrace up.
This is a followup to my previous Idea looking for ''the bottom'':
In the above plan, I got TWO trades from the 3500 zone to the 4000 zone!
Rarely does any asset give you two such opportunities, and I gotta admit the second long was a bit scary....
.
.
But I think we still have one more leg down.
How far this bounce rises will tell a lot.
Of course, lots of folks are calling for 1k and such.
Sure that is possible as well, but for now I am looking to catch the serious retrace up.
This is a followup to my previous Idea looking for ''the bottom'':
Rarely does any asset give you two such opportunities, and I gotta admit the second long was a bit scary....
.
.
Note
Proceeding roughly as expected. The last wave (Blue Fib) seems to have locked into the original target zones ( which I have adjusted slightly) 
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