BTC#25 --30.12.2020 Exact hit to my price target!

Hello together,

Enclosed as always my daily update for you.

In my analysis (BTC#24) I had predicted a Bullish W Pattern. My target here was the $28,600 in the first step. We hit this exactly and we took big profits! As it turned out, that was exactly the right decision.
Unfortunately, my alert was not triggered this morning and I was not able to open my position until around $27,900. So, unfortunately, we were not able to reach the full potential. My next alerts will be set on Phemex haha :D.

We now see the BTC price settling between the ATH and the resistance of our W Pattern. As long as we stay in this range, we may very well still go to our $30,000! (Green Scenario)

If we break the area at 27,400$, I personally expect a correction. Here we must pay attention to the last resistance (orange line). If this also breaks, we will fall to 24,200$ in my estimation, before we start a new attempt to the top!

I will not open any further trades now, because we are now very close to our blow of top (ca.30.000$) and it would be simply too risky to open a long position now! Sometimes it is better not to trade for 1-2 days to see where a new pattern is formed.

What is your assessment? Have you been able to take good profits?


Stay healthy!
Your Schueco

P.s.: As always, do not forget to like and follow! Let's draw attention to ourselves together!

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