#Bitcoin = Daily Analysis = 27.07.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWave

Isn’t the accuracy of Elliott Waves amazingly scary? $BTC continues to follow the chart designed a week ago. Next target – $43500 +/-1k. Timing – before July 31st. Let’s explore some details.

From the weekly forecast: “There is a possibility that $BTC makes 4-6 more green days.” Today was day #3.

The Weekly Analysis – link at the end of this post.

Daily
Today BTC made a seventh green day in a row. The price is reliably above 20 EMA and the rally is well supported by other indicators. A little concern is that the RSI is close to overbought, but it looks like it can climb a bit more.
The weekly and monthly candles are turning bullish and the odds of completing this week/month as green have increased.
I continue to maintain that $BTC could try to form another 1-3 green candles in a row. Odds: Strong Bullish

Elliott Waves/Forecast

The coin formed waves 3 and 4 at the forecasted levels and times and this adds confidence that the counts and the channel are correct.
I am expecting wave 5 to complete in the $42500-44500 area (most probably at the $43500 level) and it is likely to happen this month.
If the wave completes as a full motive wave, it will reassure me that the rally off the bottom is likely motive and it will help to project further targets and turns.
If the wave completes at the level mentioned, $BTC would be expected to retrace to the rectangle marked (2).

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Reversal Call:

Previous Monthly Analysis:

Previous Weekly:

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