BTC# 77 -- 02/27/2021 M pattern on the 1h chart?
Hello All,
as always, here is my daily update on the BTC price.
It seems that a small Symmetrical Triangle has formed overnight. The chances of a breakout to the top / bottom are here 50/50. However, it just looks as if we form an M-pattern in the Symmetricla triangle. Here it is now necessary to fit on. This is of course a bearish chart pattern! A breakout to the bottom, would give us a new lower low. The probability that we then test downward the $ 41,000 is then much higher in my eyes.
Keep an eye on the small pattern now. That will give us the Richtugn!
Have a nice weekend and stay healthy!
Your Schueco
P.s.: Do not forget to like and follow, so you do not miss anything more!
as always, here is my daily update on the BTC price.
It seems that a small Symmetrical Triangle has formed overnight. The chances of a breakout to the top / bottom are here 50/50. However, it just looks as if we form an M-pattern in the Symmetricla triangle. Here it is now necessary to fit on. This is of course a bearish chart pattern! A breakout to the bottom, would give us a new lower low. The probability that we then test downward the $ 41,000 is then much higher in my eyes.
Keep an eye on the small pattern now. That will give us the Richtugn!
Have a nice weekend and stay healthy!
Your Schueco
P.s.: Do not forget to like and follow, so you do not miss anything more!
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.