BTC# 49 -- 01/23/2021 Correction over?

Hello Together,

Attached as always is my daily update on the BTC price.

We had formed a nice Head and Shoulders pattern on the 1h chart yesterday. This also broke out as expected and some of you were able to realize good profits :). We also additionally broke through a resistance line that kept pushing us lower (purple).
We were able to break through this and confirmed it with a retest. This could be a good entry point for a long trade. Set your SL below the (purple) support line.

We now have to see how the price develops further. Since today is weekend, I expect rather a smaller consolidation phase and then on Monday a high volatility! The next few days will be very exciting!

Be sure to check out my other channels!!! Check out the video! You can find the links in my signature!

Stay healthy

Your Schueco

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