#BTC = Daily Analysis = 27.11.2021 $BTC #Bitcoin #crypto #cryptocurrency #investing #trading

If you still believe $BTC is going up, well… This is the weekly candle that has just been printed on investing.com (they do it on Saturdays). I just added a few visual touches to help better understand this mix of bearish candle formations. Hammer, Bearish Engulfing, and a 7-week Tower Top with an option to form Three Black Crows next week – there is nothing bullish even remotely.

On this “optimistic” note, let’s discuss the coin from different angles – the candles, TA and Elliott waves perspectives.

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 an updated mid term projection;
– forecast for this week – possible targets and timing.

CANDLES


Daily
After a very strong red candle BTC expectedly paused. The small green candle is bearish and does not indicate any intention of rally. The coin is well below 8 EMA and is battling over the 100 DMA. The buying volume is not there yet.
As long as the daily candles close below approximately $56.5k, the bears are in charge.
Tomorrow is the weekly closure on most exchanges and Sunday will be an interesting day.
Odds: Bearish

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REFERENCES:

Previous Analysis:
https://investingangles.com/2021/11/26/btc-daily-analysis-update-mid-term-forecast-26-11-2021-btc-bitcoin-crypto-cryptocurrency-investing-trading/

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