Is Bitcoin... forming a Rounding Bottom?

Two scenarios:

1. Potential rounding bottom formation.

2. Down to 5500, then 5900, then 5150 bottom, then to the moon!

Let's remember not long ago when everyone said 6k Bitcoin, 6k Bitcoin!! And we got to 6500 before the rally up. Lots of people missed out on that initial rally.

Now a lot of people are saying 5k, 5k!! ... watch out for that.

Trade active:

Rounding bottom right on target. Made some really good profits on this move so far, but much more to be done. We are establishing strong supports on the 6200 area so I feel comfortable now. Right now a potential entry for a swing position toward 7k, currently at 6570:

Comment:

I apologize, this was actually a Bearish Symmetric Triangle, not ascending. It played out perfectly, more profits $$$

Anytime now we can have correction time for WAVE 2 so I'm starting to cash out and will buy the dip again.

Comment:

Just as mentioned above, we had a correction but it went further down to 6300. I am expecting this thing to keep playing off as charted here. Play by play bump up from 6300 to 6500 and then back down towards 6100 area. From there we can prepare for our wave 3 of this rounding bottom formation.

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By the way, everyone is freaking out, FUD this, FUD that... we are going down to 4k!! Relax, it was expected to have an ABC correction as presented here so we can start a new wave up.

Trade active:

As stated yesterday, we are going down to 6100, and almost there. I cashed out on July 7th and now I'm starting to dollar cost average back in. Now if you look at the third wave coming down from the left side we might even go near 6k. However, anything below 6k will invalidate this rounding bottom. Right now it is exactly symmetrical with the left side.

Comment:

Once again, played out perfectly, bought at absolute bottom and now I am seeing a cup and handle formation. We should see another bump up by tomorrow morning. I knew it was a good time to buy when people started talking about 5k - 4k again by the way. Gotta play that contrarian. I am not saying this pattern will fully play out until we break 6400. But I am raising my stop loss as we go up and if it crashes down I am in no loss zone.