BTCUSD - continuation of the upward movement!

2021年1月28日

The corrective movement is coming to an end. According to the time period, the completion of the corrective movement is expected until 30.01. Upon completion of the corrective movement, the upward movement is expected to continue to the levels marked on the chart. All marked levels are in an upward movement.

Now let's move on to considering the local situation of the corrective movement. The price moves inside the falling wedge. The "double bottom" pattern has been formed locally. The second low "bottom" is higher than the previous one. When the level 34940 is broken down, the “double bottom” pattern, as well as the “falling wedge”, takes effect. With the expectation of the continuation of the upward movement.

For the time period up to 30.01, the period of the corrective movement during which the stops can take out.

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