BTC.D Analysis on Daily Time Frame

Nov 26, 2021

BTC.D is looking good now, after the correction that we have seen since 20th October top, also a sell signal on Falcon CCI Indicator on Trading View.

BTC.D, retraced to 61.8% levels, an important fib level, - does this mean this is Wave 2? I am not big fan of Elliott Waves but if this is Wave 2, then it will go up in Wave 3 to 161.8%. The target that I have set for this is just below those levels to around 51%, a very likely scenario considering Macro factors of inflation the news, and how new companies, countries and governments are adopting, obviously with some laws and framework - read India and Australia's recent cyber summit.

Not getting in too much details here, I think BTC.D is about to reverse, some key points for those will be Falcon CCI entry signal, a crossover that I always check.

How to trade, BTCUSDT is the key here, once this reversal happens then I will look at upside till the weekly resistance - do your homework and find that level.

All the best!

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Nov 26, 2021

Note

Already started moving up!



Reason: it was supposed to. Price action, Falcon CCI and overall market sentiment.

We may see BTCUSDT at 54K levels for a bounce if it goes bad from here.