BitbullTrading

BTC #47 -- 01/21/2021 Last chance for a breakout!

BITSTAMP:BTCUSD   Bitcoin
Hello together,

Attached is my daily update on the BTC price as we do every day.

We broke our Symmetrical Triangle yesterday and had a small sell off from the bears. However, I have now noticed that a larger Symmetrical Triangle has formed. Here I have connected the wicks of the candles (pink). Here you can see that the Symmetrical Triangle is still in tact and we also bounced nicely on it tonight.

What do I expect now:
In my opinion, it is very important that we hold the support line (pink). There is a possibility that we form a W pattern and this can push us up. This is what we need to pay attention to now. The neckline must be broken to the top (orange). Then we are back on course!

Look absolutely in my signature! Here you will find more info!

Stay healthy!

Your Schueco

P.s.: Do not forget to like and follow, so that you do not miss anything more!


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