#Bitcoin = Daily Analysis = 03.09.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

I truly hope I am dead wrong, but we might see some fireworks overnight in $BTC.
Let’s assess the hypothesis from different angles.

CANDLES

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

Daily
Today one of the daily combo of indicators triggered an imminent reversal. Every time it happens I do not believe it and cannot do anything about it. It works 9 of 10 times and the reversals are almost always sizeable. Let’s see how it works on Saturday/Sunday (it has a a forward lag of 1-2 days).
While today’s candle is green and above 8 EMA and supported by some other indicators, the candlestick theory views it as a possible sign of reversal because its body is small compared to the range.
A daily closure below $48380 would signal a beginning of correction.
A daily closure above $51000 would mean that the rally continues, though I am skeptical of this as I type.
Everything between – an indecision
Odds: Neutral-Bearish

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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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