#Bitcoin = Daily Analysis = 30.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

In the Weekly I said that if BTC closes below $48470, this would be the first alert. If below $46360, the decline would be almost guaranteed. Well, we have the first whistle. Let’s explore the alert from the different angles.

Daily Candles
The daily Maribozu candle confirmed the previous as a Spinning Top and almost completed a Tower Top. The price closed well below 8 EMA. but just a tad above 20 EMA.
Would it bounce tomorrow? The majority of indicators are signaling a decline, possibly an aggressive one.
Odds: Bearish

Tomorrow is the end of month. In order to make a bearish statement on the monthly frame, BTC needs to close below $41500, better below $40300. Is BTC ready to lose 15% in one day? The waves say it is possible.

ELLIOTT WAVES

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REFERENCES:

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2 thoughts on “#Bitcoin = Daily Analysis = 30.08.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

  1. Hi, The charts are fuzzy / low resolution 

    Can you please look into it.   Thanks 

  2. Updated the charts. Is it better now?
    Sometimes there is an issue with WP posting on Twitter, I cannot do much about it 🙁

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