BTC# 54 -- 28.01.2021 Last chance for the bulls!

Hello together,

enclosed as always is my update on the BTC price!

We had seen a nice fakeout down below our descanding triangle yesterday. However, the bulls immediately bought this small dump. We are forming a nice W Pattern on the 1h chart in my opinion. Also, we are currently trading into our Descanding Triangle.

In my opinion, this is now the last chance for the bulls to still start a breakout to the upside and to leave our big resistance (pink) of our Descanding Triangle behind us!
This will possibly decide today or in the next 2 days, in which direction we will go. At the moment, I am more bullish by the fakeout and the good pump in our Descanding Triangle.
How does it look for you guys?

Be sure to check out the signature!!! Thanks for the awesome livestream yesterday!

Stay healthy!

Your Schueco

P.s.: Don't forget to follow and like, so you don't miss anything!