BTC#26 -- 31.12.2020 BTC to 32.000$ end of this year?

Hello together,

Enclosed as always my daily update for you.

We saw another pump up yesterday and are currently trading at around $29,000. We did not open another trade yesterday and are waiting for a new chart pattern.
In my opinion, we are spiking more and more to the upside, which can be seen nicely with the purple and red line. Here we form a falling wedge, which is a bearish chart pattern. The price target on a downward breakout would be our beginning of the falling wedge. The price target would therefore be $ 22,300. I think that we have to break through 2 strong support lines first. In my opinion, we can definitely fall to 26,130$ before we consolidate a bit and then we go up again.

If we break the falling wedge to the upside, we will see a bounce to around $32,000. In my opinion, there is very strong resistance and also a lot of SHORT positions at around $30,000. So BTC will not have an easy time breaking through this!

We have to be patient now and wait what happens before opening a new trade. As I follow social media almost everyone is waiting for the known 15-30% correction which would fall right on my 2nd support if we test the $30,000.

Stay healthy and happy new year to all! Feel free to write in the comments what you think?!

Your Schueco.

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