#BTC = Daily Analysis = 30.12.2021 $BTC #Bitcoin #crypto #ElliottWave #Candlesticks

After a classical Tower Top, today BTC tried to recover. Would this attempt be sufficient to flip the odds bullish again? Let’s have a detailed look at the candles in the context of technical indicators and #ElliottWaves.

This daily overview contains:
– daily candle chart – analysis of candles and technical events;
– musings about possible monthly closure and alert levels;
long term #ElliottWave forecast
– short term EW chart and targets.

CANDLES
Daily
The daily candle is Piercing Line, however it is considered weak due to lack of support from certain indicators. While the candle odds are technically bullish – close to neutral, a confirmation would be required, preferably tomorrow.
At the same time I would like to note that today’s candle was rejected right at the 200 DMA and did not even challenge the 8 EMA line.
Odds: Neutral

Tomorrow is the monthly/quarterly closure. Just remember this level – $43291.07 (Bitstamp). If $BTC closes below on December 31st, it will make a monthly Tower Top, similar to the one in May 2021. The consequences will be dire.

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A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, volatility index and DXY, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.
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