BTC#32 -- 01/06/2020 BTC to $38,000 ?!!
Hello together,
Enclosed is again as every day my update on the BTC price.
We broke out of our symmetrical triangle yesterday as predicted and even confirmed the W pattern (blue arrows). We entered a long position yesterday at around $33,500. We also realized about 20% in profits before it was stopped out at our entry point.
I hope you could still realize profits and maybe one or the other has his position even still open! Here applies. always take profits at new highs and let your SL on your break even point! :)
What do I expect now:
We need to keep a close eye on the price. As long as we do not break the ATH, there is a possibility for a Head and Shoulders Pattern on the 1h chart. If we do break our ATH, I believe we could even go up to around $38,000. However, I personally believe that we could really see another small correction to around $32,800. That would be our support from our W Pattern and would confirm the breakout. I also believe that we could see a small consolidation phase at this price level. This would form a huge double bottom. (I'll keep you posted here. Update tomorrow) that could take us to around $50,000.
Please forgive me if I can not immediately answer all messages and comments. Your support is really great ^^
Take care and stay healthy!
Your Schueco!
P.s.: As always, do not forget to liken unf Follow, so you do not miss anything!
Enclosed is again as every day my update on the BTC price.
We broke out of our symmetrical triangle yesterday as predicted and even confirmed the W pattern (blue arrows). We entered a long position yesterday at around $33,500. We also realized about 20% in profits before it was stopped out at our entry point.
I hope you could still realize profits and maybe one or the other has his position even still open! Here applies. always take profits at new highs and let your SL on your break even point! :)
What do I expect now:
We need to keep a close eye on the price. As long as we do not break the ATH, there is a possibility for a Head and Shoulders Pattern on the 1h chart. If we do break our ATH, I believe we could even go up to around $38,000. However, I personally believe that we could really see another small correction to around $32,800. That would be our support from our W Pattern and would confirm the breakout. I also believe that we could see a small consolidation phase at this price level. This would form a huge double bottom. (I'll keep you posted here. Update tomorrow) that could take us to around $50,000.
Please forgive me if I can not immediately answer all messages and comments. Your support is really great ^^
Take care and stay healthy!
Your Schueco!
P.s.: As always, do not forget to liken unf Follow, so you do not miss anything!
YOUTUBE:
youtube.com/channel/UCh8EqZyAUunyl1ryHeZAaSw
Krypto Ausbildung:
trademania.bitbull-trading.com/
Free Telegram Group:
t.me/BK_btc_trading
youtube.com/channel/UCh8EqZyAUunyl1ryHeZAaSw
Krypto Ausbildung:
trademania.bitbull-trading.com/
Free Telegram Group:
t.me/BK_btc_trading
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