BTC# 63 -- 02/08/2021 W Pattern on the 1h Chart!

Hello Together,

Here is a daily update on the BTC price, as every day.

As predicted yesterday, we are trading exactly at the important price levels. A nice W pattern has now formed on the 1h chart. This was even confirmed with a retest on the neckline. We now need to keep an eye on the neckline (pink). Good entry for a LONG trade. Set your SL according to your own risk management.

Our price target would be our high from the previous day...let's see if we can make it to there. Remember, it's not far to our ATH!!!!

Further update will be tonight!

Stay healthy!

Your Schueco

P.s.: Don't forget to Like and Follow, so you won't miss anything!!!