#BTC = Daily Analysis = 25.11.2021 $BTC #Bitcoin #crypto #cryptocurrency #investing #trading

Today $BTC made a move that set the odds neutral. As the major damage was done on the weekly frame, it looks like the decision on direction will be postponed till Saturday/Sunday. As usual, let’s have a look at the coin from different angles.

The weekly analysis with Long Term Forecast can be viewed here:
https://investingangles.com/2021/11/21/btc-weekly-bearish-engulfing-alert-weekly-analysis-21-11-2021-btc-bitcoin-crypto-cryptocurrency-investing-trading/

This daily overview contains:
– daily candle charts – analysis of candles and technical events;
– detailed hourly EW chart and a short term projection;
– forecast for this week – targets and timing.

CANDLES

Daily
Today’s green candle closed above 8 EMA line for the first time in more than 2 weeks and it could be the first bullish step if it gets confirmation tomorrow, preferably on a higher volume.
From the candles perspective, the length of the today’s candle was not enough to form a bottom and another green candle tomorrow would help.
The majority of indicators are bearish and there is no clear trend direction. The weekly frame is also bearish, and a bullish signal there is required to turn it bullish.
Odds: Neutral

If you would like to continue reading, please subscribe for Premium Content.

Premium Content

Read more of this content when you subscribe today.

REFERENCES:

Previous Analysis:
https://investingangles.com/2021/11/23/btc-daily-analysis-23-11-2021-btc-bitcoin-crypto-cryptocurrency-investing-trading/

Subscription:
https://investingangles.com/subscription/

%d bloggers like this: