BTC# 68 -- 02/15/2021 Small correction and then pump?
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Hello together,
Enclosed as every day is my daily update on the BTC price.
We had formed our nice Ascending Triangle and unfortunately could not confirm the breakout to the upside. We fell below our Ascending Triangle during the night. It looks like we are just confirming the breakout to the downside and testing our resistance once again. In my opinion, after a confirmed breakout, would be a good entry for a short! But watch out, we are still in a bull market! It is quite possible that BTC in the shortest time again pushes up!
Keep an eye on the whole. This will be important for today. If we confirm the breakout, there may be a correction to our old ATH! (green line). At the latest here I expect SUpport for BTC and a new chart pattern!
Stay healthy!
Your Schueco
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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.