#Bitcoin = Daily Analysis = 19.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWaves

After five days of rest $BTC formed a Morning Star. Expect a continued rally tomorrow. Let’s discuss the targets and the timeline of the possible next move.


$BTC rested for five days, formed a doji, and confirmed that this was a Morning Star doji. The confirmation came on a high level and the price above the 200d MA. There bullish odds are quite high right now.
Note that all these 5 days I viewed the pullback as corrective and was expecting the rally to resume.
Thanks to lower frame candles, yesterday I called the bottom within minutes after its formation, at $44250:

Tomorrow BTC is expected to continue the rally.
Odds: Neutral-Bullish

In the next section I discuss the small adjustments to the mid-term targets and to the timing, the alternative path, the channel breakout, and the warning sign.
There is also an interpretation of the daily closure for $ETH, $ADA, $BNB, and $LTC, and their comparison to $BTC.

This part of the analysis is visible only for subscribers. A $10 USD monthly subscription gets you access to the monthly and weekly analyses, long term forecasts on cryptocurrencies, precious metals, major US indices, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and cancel it any time.

Premium Content (subscription required)

Read more of this content when you subscribe today.

Reversal Call:

Previous Monthly Analysis:

Previous Weekly Analysis:

Follow the blog on Twitter @InvestingAngles and/or subscribe:

3 thoughts on “#Bitcoin = Daily Analysis = 19.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWaves

  1. Hi Viet,
    Perhaps a little lower, I can see 3.8k in a week or so. I’ll try to post an update later tonight.

Comments are closed.

%d bloggers like this: