BTC# 72 -- 22.02.2021 BTC before correction?!

Hello Together,

Attached as always is my daily update on the BTC price.

We had seen a breakout from our Symmetrical Triangle yesterday. However, we broke out to the downside tonight and broke our support line (purple). Right now it looks like we have a retest of the breakout on the 1h chart. If this is confirmed, I expect a small correction to our support zone of $52,500.

At the latest here I expect a new consilidation phase and a renewed Bullish chart pattern!

It also looks as if our 20 EMA would still hold as support in the 4h chart. only if we break through this additionally, we can expect the correction downwards.

Stay healthy!

Your Schueco

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