#Bitcoin = Daily Analysis = 26.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

Today’s $BTC made another bearish step towards setting up a new trend. Bears are in the driver’s seat. Let’s explore the hypothesis.

CANDLES

Daily
Today’s strong bearish candle canceled bullish hopes and closed below 8 EMA line. Some indicators started to point downwards, but not all, and it would probably take 1-2 days to paint a clear picture.
The odds are bearish, but not strongly. More downside is needed to strengthen them.

The current weekly candle does not look very promising at this point. The next two days will shape it up.
Odds: Bearish

ELLIOTT WAVES AND FORECAST

This section contains the EW perspective, the discussion on the possible targets and the critical levels.

The following part of the analysis is visible only for subscribers. For only $10 USD a month you get access to the monthly and weekly analyses, long term forecasts on cryptocurrencies, precious metals, major US indices, oil, DXY 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.

=========================================================================
Previous Monthly Analysis:

Previous Weekly Analysis:

Follow the blog on Twitter @InvestingAngles and/or subscribe:
https://investingangles.com/subscription/

Subscription

%d bloggers like this: