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#Bitcoin = Daily Analysis = 02.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWave – Investing Angles
Forecasting Stock Movements from Multiple Angles
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Precisely as forecasted, $BTC moved into the dark green rectangle. The daily candle formed a 3-day pattern that is more bullish than bearish.
Let’s explore the details from different angles.
The previous Monthly analysis – link below.
Today $BTC formed a third red candle in a row. While the sequence resembles Three Black Crows, I believe it is not. Several little details suggest that this could be Bullish Deliberation. The pattern is considered weak (the odds are barely bullish) and is unlikely to trigger a bullish rally. The most likely outcome would be a horizontal move or a micro rally.
Tomorrow’s candle would bring more clarity.
The daily candle closed above 8 EMA line and we will see whether tomorrow it breaks.
BTC – on Jul 30, Aug 1, Aug 2
On the micro level, $BTC seems to be forming a motive wave down. This would be a typical development for the first corrective wave of a zigzag. If my very preliminary counts are correct, wave A would extend to $37500-36000.
At this point there is very little data to forecast the future moves more accurately. Waves (2) are very difficult to forecast from the depth, shape, and timing perspectives.
I hope Tuesday’s candle will help with the pattern and the waves.
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#Bitcoin = Monthly Analysis = 01.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWave
#Bitcoin = Daily Analysis – Reversal = 21.07.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #Elliottwave
Posted byDimonAugust 2, 2021Posted inCandles Speak, Crypto, Daily UpdateTags:BTC
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#SPX #DOW #NQ = Rally Expected = 01.08.2021 #NQ $SPY #QQQ #US30 #ES_F #NQ_F #NDX #VIX #Investing #Trading #ElliottWave