BTC#30 -- 04.01.2021 What's next after the dip?!

Hello together,

Enclosed is my daily update for you.

We see that BTC has formed a nice Head and Shoulders pattern (blue). This is a bearish chart pattern. This was confirmed with a breakout to the downside and we are currently trading at around $30,000. We have seen a nice bounce to our 1st support. Here we have also opened a LONG position which is running very well in profit. We have already realized 15% profits on this position and have set our SL at our entry price (break even point). The rest of the position I personally let run and see if this position holds out until a new ATh.

What do I expect now for the next hours:

I believe that we are forming a new chart pattern in the $29,000 - $30,000 range. I am personally waiting for a W pattern again, which will be our next big move up. Also, you can see the open trades on the right side and therefore the volume at a certain price level. (purple) This gives us additional support at about $29,000 - $29,300!
It is important now that we hold our support and do not fall further below it. If we break through support at around $27,500, the next target is around $26,200.

We have our trade open with good profit and look now the next hours what happens.

I hope you could already realize profits. With so strong Kursschwankung downward, one has unfortunately secondly 300$ jumps and the entries can vary very strongly.

But do not be afraid to have missed something. The next entry comes sooner than you think! :)

Take care and stay healthy! Write in the comments what your opinion is and if you could make profit.

Your Schueco

P.s.: As always! Do not forget to Like and Follow, so you no longer miss anything!