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Bitcoin Bottom?
Bitcoin
Bitcoin Bottom?
By Akamer-the-Werewolf
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Updated
Dec 3, 2021
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Nov 22, 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!
Nov 27, 2021
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Dec 3, 2021
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akamerthewerewolf
Bitcoin (Cryptocurrency)
bitcoinanalysis
bitcoinforecast
BTC
btcanalysis
btcforecast
BTCUSD
btcusdanalysis
Chart Patterns
Harmonic Patterns
Trend Analysis
Akamer-the-Werewolf
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