Updated

Finding the Bitcoin Bottom (Again)

Sharing my different levels of interest in Bitcoin.
I believe we will see a decent corrective bounce soon, followed by the final corrective C wave.
Please take a look at my previous BTC bottoming chart.

Good luck and God speed. This will probably be our last opportunity for some cheap Bitcoin.

-Achilles

Note

She's playing out nicely thus far.
Im looking between $28,000-38,000 for a potential reversal.
My First lower target being $12,000. I Fully expect #BTC to find its bottom lower than $10,000. $6,000 has been a STRONG area for the last 5 years.

Note

Update target region for shorts.

Note

Im expecting a decent pull-back or a possible sideways move to play out soon. Following that, we should see another wave up to the target zone. Regardless, Ive started building a short position.

Note

Playing out pretty similar to what I have charted. I see one of two scenarios.
1. (Green) We make a retracement at this level and make one final leg higher to the $32k area.
2. (Red) We make a retracement with a failure to achieve HH, continuing the downtrend to my lower targets.

Note

Everything is still going according to plan.
If we don't continue the downtrend from here, I'm seeing between $29-38k as a perfect shorting opportunity.

Please boost and share to spread awareness!

AchillesLstStnd

Related publications

The Bitcoin Bottom

by AchillesLstStnd

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