BTC# 56 -- 30.01.2021 Showdown between bulls and bears!!!

Hello together,

enclosed as always my daily update on the BTC price!

What was that for a day yesterday....I'm still a little speechless. Elon Musk has pushed the BTC price through #Bitcoin in his bio on Twitter inerhalb 2h in the sky! The bears found this anything but funny and we are trading at the price of about $33,600. The bears have shown quite power at the price level of 38600$ and sold off massively.

Now, of course, the question is in which direction it goes further. Everyone is unsettled at the moment! It will be decided in my opinion today or by tomorrow at the latest whether we are bullish or still bearish!

For BTC it is important to stay above our resistance of the Descanding Triangle (green). Best still a breakout above our neckline of the large W pattern with confirmation. If we fail to do that, I think we should expect the correction to around $23,000.

Keep an eye on the blue and green line! Here will decide who has the meite power....the bulls or the bears!!!

Be sure to check out my signature! Here I had yesterday live our trade posted and much more!

Stay healthy!

Your Schueco!

P.s.: Do not forget to Like and Follow, so you no longer miss anything!