#Bitcoin = Daily Analysis = 14.09.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

When a candle is pushed below 20 EMA line in the final seconds of the day, I believe it is trying to send a message. I think that a significant decline (10+%) is in the cards, probably within hours. Let’s try to decipher the message.

CANDLES
The weekly and monthly candles are discussed in details in the weekly analysis.

Daily
Technically, today’s candle is a solid bullish Engulfing and the path upwards should be clear, however, anemic volume and a few other indicators hold me back from becoming bullish. The fact that the candle failed to close above 20 EMA is another big factor.
Even though the 50 and 200 MA formed a golden cross, I’m still not convinced. I would wait for a healthy green candle tomorrow that would confirm a reversal.
A red candle tomorrow would most likely signal a continued decline.
Odds: Neutral-Bearish

From the perspective of Elliott Waves, has almost completed a pattern that would help to forecast the next move.

Next: Short Term forecast, targets, timing, and levels of awareness.

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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.
  6. $BTC – Sep 6 – call on Top
    Within minutes after the top, at 10 pm PST, when $BTC was $52.5k. The next 10 hours it dropped to $42.1k, or 20%.

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