This week BTC closed with a High Wave doji. The candle typically means indecision and it greatly depends on how it is positioned with the previous candles. There are multiple indicators that also help to forecast the next move. This doji also sets very clear targets and breakout levels for the trend.
If you want to know of interpretation of the current monthly/weekly/daily BTC candles, the Elliott Waves projections and times, the Long Term Forecast, the weekly analysis below covers these and some more.
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This is the condensed Track Record of our most recent #crypto calls:
- $BTC – March 24 – call for imminent reversal, target $29000!
This happened when $BTC was $52k and approaching the top, when the experts were calling for $100k and $150k next.
- $ETH – May 16 – call for strong decline, target $1700!
This happened at the beginning of the decline when $ETH ws $3600 and everyone was saying it was a minor blip.
- $BTC, $ETH, $ADA, $LTC – July 21 – call on Bottom
This happened on the day the cryptos formed a strong reversal combo and started rallying.
- $BTC – July 24 – call on the 10 consecutive green days
This happened on the 4th day of the rally once we recognized a special pattern.
- $BTC – Aug 18 – call on Bottom
This happened within minutes after the bottom, at 9:45 pm PST, when $BTC was $44250. It has rallied 10+% since.
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Previous Monthly and Weekly Analyses:
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