BTC# 46 -- 01/20/2021 Support must absolutely hold!!!!

Hello together,

Enclosed is my daily update on the BTC price as we do every day!

We have broken out yesterday from our Rising Wedge downwards and have tested the resistance of our large Symmetrical Triangle. This one needs to hold at all costs!!! Right now our Symmetrical Triangle is still in tact. However, we have had many touch points on our support line. (purple)

There would be the possibility for a long trade. But then set your SL below the support line! Personally, I will still wait and see where the journey goes. The volume continues to decrease from day to day and there is a massive move ahead!

Definitely keep an eye on the resistance line!

Look also in my signature! Here you will find even more info!

Stay healthy and take care of yourselves!

Your Schueco

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