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Bitcoin Price Update by wildtrader

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bitcoin · @wildtrader ·
$4.22
Bitcoin Price Update
![EWT.png](https://cdn.steemitimages.com/DQmQ1vdj6s5HrR5VUXmi5K2UJEQHbEiV7e7eieWNsnw2Gy3/EWT.png)

I still expect one more low in Bitcoin for this leg. There is a chance this zone sets off a large rally. Currently I have a projection to the $4900 region with the possibility of dipping into the mid $3000's. I have said in my public talks, tweets, and articles since the January top was confirmed that $4700 was an ideal fibonacci hit in this correction. And, here we are. Very close. Will this be the ultimate bottom. I can never say until a rally is confirmed. But I can say this is a key area and the end of the C wave diagonal off the February high, looks close. 

![BTCUSD - Bearish - Aug-28 0822 AM (2 hour).png](https://cdn.steemitimages.com/DQmTKEphCup1F6wCdZPpppzBgjBbfyCpmsrz1jnaumSDora/BTCUSD%20-%20Bearish%20-%20Aug-28%200822%20AM%20(2%20hour).png)

![BTCUSD - Bearish - Aug-28 0822 AM (1 day).png](https://cdn.steemitimages.com/DQmaRTuc9yAh4VEp2hjEKi1xvKKAMgymiS1nkJqfSUsnnGo/BTCUSD%20-%20Bearish%20-%20Aug-28%200822%20AM%20(1%20day).png)
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vote details (82)
@crypto3em3 · 
the bears are getting tired?
👍  
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@wildtrader · 
The bears are extremely short now based on 'Finex and CME futures numbers. Once we start to take out resistance short covering will start in earnest.
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@kahookadad · 
Is there a viable count that has the low already in?
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vote details (1)
@wildtrader · (edited)
An unconventional one but requires over $8200 to make likely.
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@larster · (edited)
FUD everywhere - love it!!!


![](https://cdn.steemitimages.com/DQmQN8RXsHj3TmcpzU6AN821DMc4dmxibRg7sKnHSnJCr9T/image.png)
👍  
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@steem-ua · 
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@workin2005 · 
Nice analysis
👍  
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