19/01/2021 Next movement of BTCHello everybody,
It is a pleasure to be part of this community. I want to contribute my analysis.
It seems that we are in a moment of uncertainty, the market has not just positioned itself on whether the value is going to increase or depreciate, also we can see it in the EMA. That is why we find a timid uptrend.
Yesterday we could see how the support at € 29.5k stoically withstood the strong pressure of the bear market, this has given rise to the confidence of the bulls and to the creation of a symmetrical triangle.
The interesting thing comes with this symmetrical triangle that could be the prelude to the final decision of where the value of BTC is going to go. If in a big correction in value or hitting the all-time high like ETH just did today.
Everything will depend on where the value breaks if up or down.
Depending on how your (reader) finds you, you should be attentive to the following events in order to take advantage of the next move.
Thanks for your time,
Montyshaa.
