BTC Key Levels

11 Jan 2021

Here we see the 4-hour chart for BTC printing a nice correction after an insane run-up smashing the 40k level. There is a possible head and shoulders pattern that could play out with a horizontal neckline near 30k price point. If the sell off continues I have set buy markers at the referenced horizontal support lines (cyan dashed). The short term price level to watch is ~34,800; I believe if this confirmed as a resistance and price rejects that level, we will see the head and shoulder pattern play-out bringing better buying opportunities. I believe we are still in the early stages of a massive bull-run and this correction could be the best buying opportunity of 2021. If we do get a 20K retest I will be buying as much BTC as possible with all liquid funds available. Cheers and GL

-Yoshi

*This is not trading advice; do your own research.