BTC#26 -- 31.12.2020 BTC to 32.000$ end of this year?
Hello together,
Enclosed as always my daily update for you.
We saw another pump up yesterday and are currently trading at around $29,000. We did not open another trade yesterday and are waiting for a new chart pattern.
In my opinion, we are spiking more and more to the upside, which can be seen nicely with the purple and red line. Here we form a falling wedge, which is a bearish chart pattern. The price target on a downward breakout would be our beginning of the falling wedge. The price target would therefore be $ 22,300. I think that we have to break through 2 strong support lines first. In my opinion, we can definitely fall to 26,130$ before we consolidate a bit and then we go up again.
If we break the falling wedge to the upside, we will see a bounce to around $32,000. In my opinion, there is very strong resistance and also a lot of SHORT positions at around $30,000. So BTC will not have an easy time breaking through this!
We have to be patient now and wait what happens before opening a new trade. As I follow social media almost everyone is waiting for the known 15-30% correction which would fall right on my 2nd support if we test the $30,000.
Stay healthy and happy new year to all! Feel free to write in the comments what you think?!
Your Schueco.
P.s.: As always, please like, comment and leave a follow so that you don't miss any analyses!
Enclosed as always my daily update for you.
We saw another pump up yesterday and are currently trading at around $29,000. We did not open another trade yesterday and are waiting for a new chart pattern.
In my opinion, we are spiking more and more to the upside, which can be seen nicely with the purple and red line. Here we form a falling wedge, which is a bearish chart pattern. The price target on a downward breakout would be our beginning of the falling wedge. The price target would therefore be $ 22,300. I think that we have to break through 2 strong support lines first. In my opinion, we can definitely fall to 26,130$ before we consolidate a bit and then we go up again.
If we break the falling wedge to the upside, we will see a bounce to around $32,000. In my opinion, there is very strong resistance and also a lot of SHORT positions at around $30,000. So BTC will not have an easy time breaking through this!
We have to be patient now and wait what happens before opening a new trade. As I follow social media almost everyone is waiting for the known 15-30% correction which would fall right on my 2nd support if we test the $30,000.
Stay healthy and happy new year to all! Feel free to write in the comments what you think?!
Your Schueco.
P.s.: As always, please like, comment and leave a follow so that you don't miss any analyses!
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.