BTC# 77 -- 02/27/2021 M pattern on the 1h chart?

Hello All,

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

It seems that a small Symmetrical Triangle has formed overnight. The chances of a breakout to the top / bottom are here 50/50. However, it just looks as if we form an M-pattern in the Symmetricla triangle. Here it is now necessary to fit on. This is of course a bearish chart pattern! A breakout to the bottom, would give us a new lower low. The probability that we then test downward the $ 41,000 is then much higher in my eyes.

Keep an eye on the small pattern now. That will give us the Richtugn!

Have a nice weekend and stay healthy!

Your Schueco

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