BitbullTrading

BTC# 48 -- 01/22/2021 consolidation and then PUMP?

BITSTAMP:BTCUSD   Bitcoin
Hello Together,

Attached as always is my update on the BTC price.

We saw a breakout from our large Symmetrical Triangle yesterday. We are currently trading at around $31,800. Congrats to all who opened a short position on the breakout to the downside! :)

Right now it seems like the psychologically important $30,000 level is holding. We are also beautifully bounced from our 50% Fibonacci. It is important for BTC now not to fall below the $30,000 level. There could be a consolidation phase forming now. Here I will wait for a new chart pattern to open a new trade!

Feel free to write your opinion in the comments!

Be sure to check out my signature!!! Here you will find more info!!!

Stay healthy!

Your Schueco


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