BTC# 50 -- 01/24/2021 Further consolidation phase?!

Hello together,

enclosed is as every day my update on the BTC price!

Not much happened in the night to today. We are consolidating at the moment at around $32,000. Personally, I don't think we can expect any big moves from BTC at the moment. However, after such a bull run this is also normal. At the moment, we need to hold the support from our descending triangle.
As long as we hold this, it may well be that we remain in our chart pattern until early February and continue to consolidate.

In case of a breakout to the downside, the technical target would be at around $23,000. Here is of course a wonderful entry for a short position, in a breakout to the bottom! Waits here but also for a retest and sufficient buying volume in the market!

Unfortunately, there is nothing more to say today, because BTC is a bit lame at the moment^^

Today there will be a livestream at 2pm!!! Be sure to check my signature for info!!! Here I will answer your questions live and we will do some chart analysis live! I have prepared a lot for you!:)

Stay healthy!

Your Schueco

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