BTC/USD 1DAccording to the analysis we had on August 1, 2021(The first post on Bitcoin analysis on August 1st)
You can see that we said that Bitcoin formed an increasing triangle pattern, and if you traded at $ 4,500, you would now make a 24.16% profit.
Now Bitcoin is approaching our target, which is in the range of $ 52687. If you are not a risk taker, you can go to the current price or $50799 Quit the deal.
In the range of $ 50,000 there is a strong resistance in the picture you can see
Like this post and follow the comments of Dehir and Maroo in Trading View.
Btcustd
What's up with BTC?Here is the complete story explained in terms of EWs. The whole correction is a WXYXZ triple zig-zag wave. The second X wave was this huge triangle with base at around 6000 (ABCDE). Now we are some where in the final zig-zag wave ABC. Most probable count being that we are somewhere in the wave B and maybe at the end of it and onto C (which should take us to 85.4% retrace or 2850$.
Stay tuned world ;)