#Bitcoin = Daily Analysis = 13.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWaves

Aren’t candles amazing? Today $BTC formed exactly what was forecasted. Let’s discuss the details of the next move.

Yesterday’s call can be added to the list of recent prominent calls on Crypto:

  1. $BTC – March 24 (BTC – $52k, before the top) – call on imminent reversal, target $29000!
  2. $ETH – May 16 (ETH – $3600) – call on strong decline, target $1700!
  3. $BTC, $ETH, $ADA, $LTC – July 21 – Bottom call
  4. $BTC – July 24 – call on the 10 consecutive green days.

I doubt anyone can share a record of such timing and precision.

Enough marketing, let’s talk targets.

Candles

Daily
Today’s Maribozu is a serious bullish statement. First, it is strong by itself. Second, it formed a Rising 3 Methods (precisely as forecasted yesterday), which is one of the strongest continuation formations. The higher prices are almost guaranteed.
From yesterday’s forecast: “…The formation of the three red candles and their positioning suggest that $BTC to likely form a Rising 3 Methods combo.
I put a possible candle for tomorrow on the chart. If it forms at (ideally) a new higher high, a path to $49-52 would be open.”

Not much to add.
Odds: Strong Bullish

Elliott Waves + Forecast

Wave 3 of (3) is likely underway and all time frames point upwards. The channel seems to be defined and it would be a moderate one. A few new data points suggested that the target to wave (3) could be a bit higher. I added an Alt (3) rectangle on the chart.
The target for wave (3) – $49000-54000.
Most likely timing – August 19 or earlier.

Alternatively, there is a chance that the current wave is still part of a bigger wave IV as marked on the long term chart in the weekly update. This count could become main operative if $BTC closes tomorrow below $44404.

The Weekly Analysis tomorrow will be visible for the subscribers only. If you want to know what lies ahead, you can get such opportunity for a $10 USD monthly fee.
https://investingangles.com/subscription/

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Reversal Call:

Previous Monthly Analysis:

Previous Weekly Analysis:

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