BTC#38 -- 12/01/2020 Important directional decision for Btc!

Hello all,

Attached as always is my daily update.

We are currently trading BTC at around $34,620. We unfortunately could not confirm our small Head and Schoulders pattern and broke out to the downside. Unfortunately, our trade from this morning was also stopped out at the SL here. We have now tested the resistance (white) perfect and bounce nicely from these back up. We must now see if we can make it back up to about $37,000 and confirm a 1h candle close above the resistance line!

Should we fail to do so, I think a huge Head and Schoulders pattern is forming. The price target after a downside breakout would be around $18,500. I personally don't think we will fall to that price level. However, we could very likely expect a correction to around $21,500 if we break our Head and Shoulders.

This is just going to be a little update today. Because I'm busy cutting videos and my internet wasn't working properly all afternoon today:( Sry!

Be sure to check out the signature people! There is more information for you!

Take care and Happy Trading!

Your Schueco

P.s.: As always don't forget to liken and follow, so you don't miss anything!