#Bitcoin = Daily Analysis = 01.09.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

BTC today closed with a strong bullish candle and everything looks as if a $100k is just around the corner. The devil is in the details though. Let’s discuss the perspectives from various angles.

CANDLES

The monthly and weekly candles are discussed in the weekly/monthly reports. Links below.

Daily
Today’s candle aimed to form a Tower Bottom. Almost succeeded, failed just a few pips. This brings uncertainty. While the uptrend has a good chance to continue from here, the next candle needs to close above $49850, better at a new high, to confirm the intent.
Price closed well above 8 EMA line on an increasing volume, however some indicators are not supporting further advance. More, they look very strange for a supposedly motive wave.
I prefer to stay neutral until a confirmation happens.
Odds: Neutral

In the department of Elliott Waves I got a few very strong indicators that added clarity to the current wave structure and I was able to identify some clear targets.

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REFERENCES:

Previous Monthly Analysis:

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This is the condensed Track Record of our most recent #crypto calls:

  1. $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.
  2. $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.
  3. $BTC, $ETH, $ADA, $LTC – July 21 – call on Bottom
    This happened on the day the cryptos formed a strong reversal combo and started rallying.
  4. $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.
  5. $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+% after the call.

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