BTC#27 -- 01/01/2021 Smaller Falling Wedge on the 1h Chart!

Hello together,

Enclosed is as every day a current update for you.

We have seen again in the last hours a move to the top and set a new ATH. We are still in conflict between our $29,000. Our big falling wedge (red lines) is still in tact.
However, I have now spotted another small falling wedge on the 1h chart (purple lines). In my opinion, this breakout will give us the direction for the next hours/days.

If we should break out to the top, we will test with very high probability our large Falling Wedge! Resistance here would be at around $30,900. If we break through $30,000 like butter. Here, as described yesterday (BTC#26), extreme caution applies.

If we break to the downside, the same game applies as with a breakout to the upside. If we break through our big falling wedge, I think there will be a very quick move down to our 1 support. Then if there is a breakout confirmation, we could fall to our 2nd support.

So have your eye on the small falling wedge!
Post in the comments what you think about it.
We have no trades open at the moment as I think we are now pretty close to our blow of top!

All together good start into the new year!

Stay healthy and take care of yourselves!
Your Schueco

P.s.: As always, please like, comment and leave a follow so that you do not miss any analysis!