BTC#42 -- 01/16/2021 New W Pattern and Pump to 50K?!

Hello together,

Enclosed is again my update on the current BTC price.

We saw a small sell off from our bears yesterday. Which brought us right to our support line of around $35,200 -35,600. We now see on the 30m as well as 1h chart that a new W Pattern has formed. You can open a beautiful trade here. Wait for a confirmed breakout above our W Pattern line if necessary!

We need to keep an eye on our two resistances at around $39,000 as well as $40,000. If we break above here we will go up to around $50,000.

Be sure to check out the signature folks! Here you can find more information!

There is nothing more to say about the price today. Keep an eye on the W pattern and our resistances! There are good entries today!

Stay healthy and also watch out for you!

Yours
Schueco!