BTC #88 -- 03/24/2021 Descanding Triangle at Bitcoin?!

2021年3月24日

Hello all,

enclosed as always is my daily update for the bitcoin price.

I was abroad for 1 week, so unfortunately I could not upload anything for you. Now here is my forecast as usual. It looks like we are forming a Descanding Triangle on BTC on the 4h chart. This is a bearish chart pattern. I expect us to stay in this for a few more days before a final breakout.

If we fall down, I think we will test our $45,000 again before we see a small consilidation phase. Remember though that we are in a bull market and BTC likes to break out bearish chart patterns to the upside.

What is important now is that we get above our important EMAs at the 4h candles. That aufjedenfall keep an eye on!

Stay healthy!

Your Schueco / BTC Moneymaker

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