#Bitcoin = Daily Analysis = 04.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWave

$BTC seems in a hurry to rally. There is a chance that yesterday’s bottom is all we got for wave (2) and wave (3) is underway. What is next? Let’s explore the options from different angles.


Yesterday I warned about a reversing move and today $BTC beat all expectations. First of all, it formed a strong Bullish Engulfing. Second, the wave does not look corrective. If there is another green candle tomorrow, the rally is likely underway.
The candle closed above 20 EMA and 50 MA lines on a higher volume. The other factors also support the northbound move.
Odds: Strong Bullish

To continue reading the following sections, please subscribe for Premium Content: $10 USD monthly.

Elliott Waves and Forecast

Subscribe to get access

Read more of this content when you subscribe today.

Follow the blog on Twitter @InvestingAngles or, if you want all posts in your inbox, by email

As tweets are often buried among the other tweets on the topic and one is looking for regular updates, I recommend that you to sign to the email updates in the blog – every single post will be automatically sent to your inbox.

Starting in August, I am planning to introduce Premium Content in my blog. The weekly, monthly, and long term analyses and charts will only be available for the premium followers and subscribers for a very humble fee. This is still work in progress and I will keep you informed.

%d bloggers like this: