Mapping out Bitcoin's current trajectory, 41500 next?

28 Feb 2021

I had to redo my BTCUSD chart as the feed here stopped updating. That's ok though as its obvious now that we need to pause and look for where we are headed. Based on the current trajectory 41500 and 39000 are previous areas of resistance and support.

Now, we could increase momentum downward or spike to a lower support level, and if you have the desire, set your orders at much lower levels. I'm sure we will touch a few. Maybe even well under 30k as we will likely have another Kraken controversy.

Let's see what this week brings. If you have already stepped into positions at this point that are under water, we should have some opportunities to scale back out and in as needed.

1 Mar 2021

Catatan

So far holding this downward wedge.



Will be interesting to see how this works out in the next 24 hours.

1 Mar 2021

Catatan

Looks like my other BTCUSD pair started updating again. Here's what I had drawn on that other chart.

1 Mar 2021

Catatan

Seems we have pulled out of the downward trend/wedge, however I'm not convinced with the current price action. It is here for posterity however.