BitbullTrading

BTC# 71 -- 20.02.2021 Where do we go from here?!

BITSTAMP:BTCUSD   Bitcoin
Hello Together,

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

We saw an insane pump up yesterday! We also broke out beautifully from the Symmetrical Triangle, as well as subsequently from the small Bullflag. It seems o as if we are now consilidating a bit again. The 20 and 50 EMAs are important. (circled in green) The 20 EMA has given very good support on the 4h chart before. It would be conceivable that we could fall down here again and confirm this as support before there is another move up.

On the 30m as well as 1h chart, the situation is similar. Keep an eye on the EMAs! DAs are important zones at such pumps and price levels!

Stay healthy!

Your Schueco!


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