BTC#43 -- 01/17/2021 Still in Symmetrical Triangle?!?!

Hello together,

enclosed is my daily update on the BTC price as every day.

Unfortunately, we could not confirm our W Pattern from yesterday and fell down during the night. Right now it looks like we are testing our lower support from our Symmetrical Triangle (red thick line). It is imperative that this support holds! Should this break, here would be a good opportunity for a short trade. This would take us to about $30,000 and possibly even to our $23,000. Also, watch out for the orange line. This is a support area that has been there since our big bull run!!!

We also still need to keep an eye on our big Head and Shoulders Pattern. If this is confirmed I think we will correct the $21,000-23,000 very quickly. This area is where our biggest support is!

At the moment, I have not opened a Tarde and am really sticking to the sidelines. If we break out to the downside it is a good opportunity to open a short trade as mentioned earlier.

Stay healthy and enjoy Sunday with your family!

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Your Schueco

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