BTC# 73 -- 02/23/2021 Next support zones for BTC!

Hello Together,

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

As mentioned yesterday, we have seen a correction of BTC as expected. Currently we are still correcting and had our low at around -18% of our ATH. This is already a decent correction. Especially when you consider the time period! If it comes to the worst case scenario, I have drawn you the preliminary support zones (with price levels).

We are on the daily chart still above our 20 EMA. This support must hold, otherwise I really expect a correction to our Golden Pocket of the Fibonacci level!
The correction, in a fall to the Golden Pocket, would be again about 30-40%. Completely normal correction in the bull market, as was already observed in 2017.

Stay calm for now and wait until a new chart pattern forms! Our motto: "Better not trade a few days than to lose all the gains of recent weeks again unnecessarily"! :)

Stay healthy!

Your Schueco

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