BTC# 55 -- 01/29/2021 Big double bottom?!

Hello Together,

enclosed is my daily update on the BTC price.

We saw a small pump yesterday. However, as expected, this was sold off again by the bears. I expected this because there was no significant volume coming into the market. We are back in the descanding triangle. Nevertheless, a double bottom and huge W Pattern has formed on the larger timeframe.

We have already talked about this in the Telegram group today. Many are very bearish and still expect the dump to the downside. As long as we don't form a lower low, I can't share this opinion yet. I am still 50/50 set here. Especially after the dump tonight!

Definitely watch out for our Descanding Triangle and our Widertands. I'll let you know here and in the groups if anything happens.

Be sure to check out my signature to make sure you don't miss anything!

Your Schueco

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