#Bitcoin = Daily Analysis = 14.07.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

Today $BTC closed with a candle that is more bullish than bearish. There is a chance for lots of calls to $100k tomorrow. But, for this rally to start, there are some strong hurdles to overcome. The odds are still bearish on the bigger frames. Let’s explore the hypothesis.

Today’s candle is a Dragonfly doji. Technically, it shifts the odds to the green side. However, it requires a confirmation.
From the TA perspective, you can see that all monthly, weekly and daily prices are trailing well below the 8 EMA on each chart. The other indicators need to show some bullishness, that is lacking for now.

At least two strong green candles closed above 20 EMA line should happen before I consider the first sign of a rally off the bottom.
Odds: Neutral


In my weekly analysis, I expected that BTC trades this week within a range between $36k and $32k with many abrupt see-saw moves. So far, as forecasted.

Tomorrow, if BTC closes:
– above $33.3, at least a short term rally should be underway;
– below $33.3, expect further horizontal or slowly down moves.

The long term perspectives and the chart can be found in the Monthly Analysis by the link below.

Follow the blog in Twitter @InvestingAngles or by email subscription. Comment, Like and Retweet.

As tweets are often buried among the other tweets on the topic and one is looking for regular updates, I recommend that you to sign to the email updates in the blog – every single post will be automatically sent to your inbox.

Previous Weekly Analysis:

Previous Monthly Analysis:

%d bloggers like this: