#Bitcoin = Daily Analysis = 06.09.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

BTC seems to be so unstoppable and I am almost ready to believe that we are witnessing a paradigm change, perhaps. Let’s have a look at the candles and the waves. What do they tell us today?

CANDLES

Daily
The green candle today looks like a standard continuation candle. However, closures above BB for two days in a row are not healthy and this is a growing concern. There must be a red day tomorrow. Depending on the size of the red candle, we would be able to evaluate the perspectives of the pullback, whether it is a minor or a major one.
The lower frames continue to stay in overbought and that should change tomorrow.

I would be very surprised to see a green day on Sep 7. If it still happens, it would just make the following pullback sharper and deeper.
Odds: Bearish

Yesterday I shared the study on the possible ending diagonal for the current wave. As I type, BTC is within 100 points from the point which makes the count invalid. Below I am discussing the possible targets and timings if the count invalidates.

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REFERENCES:

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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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