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igord2
May 10, 2022 5:29 AM

Bitcoin bottom! Long

Bitcoin / U.S. dollarBitstamp

Description

Target reached (time/price), it may re-confirm the bottom once more in June, but that is it. Enjoy the final wave to 120k+ into the next year.
Comments
dmeyer08
Hey! any update since it broke down? Thoughts?
igord2
@dmeyer08, The big picture, slight;y adjusted, still calls for one last run up to 80k:
s3.tradingview.com/snapshots/8/8IOAIQ50.png
Short term, there is a rally into USA mid-term elections:
s3.tradingview.com/snapshots/g/ghgdDWw2.png
With possible continuation triangle a break upward.
Time will tell.
ECONOPEDIA
This looks bearish to me all those support lines crossing at 18,19k we may test that first. Thanks for the post!
igord2
@ilianstafenov, You could be right, the D wave can end all the way down to the uptrend channel at 18k while still being bullish long term.
ECONOPEDIA
@igord2, We can only wait and see. Good luck and thanks for sharing!
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