BTC#40 -- 01/14/2021 Big Rising Wedge?!

Hello Together,

As always, here is my daily update on the BTC price.

We had seen a nice breakout from our Ascending Triangle yesterday. As predicted we also had a nice retest. Unfortunately this was at 5:00am and I was unable to open a position. We see that BTC is now testing our old resistance (white). It doesn't look like we will bump through here without any problems at the moment.

If we manage to close a 1h candle above it, I personally will wait again for confirmation and then open a trade here. In addition, we still have a large resistance zone at around $40,000. Absolute caution applies here! At our last test at the 40,000$ we are massively dropped down!

We also form a rising wedge on the 1h and 4h chart. This could secure us again good entries. But there will be an update here!

Today at noon, there will also be a video. Be sure to check out my signature!

Stay healthy and take care!

Your Schueco!

P.s.: As always, do not forget to liken and follow, so you no longer miss anything!