BTC# 69 -- 02/16/2021 Still in Rising Wedge!

Hi Together,

Enclosed, as always, is my update on the BTC price.

We are still in our rising wedge! We tested the $50,000 tonight, but bounced very strongly, as expected, and could not break through the 50k. As long as we stay in our Rising Wedge, nothing has changed. The price target on an upside break is around $54,000. To the downside, we would fall to our old ATH.

Keep today absolutely the Rising Wedge in the eye! The breakout, is the directional decision for the next days / weeks!

Today short update, because nothing has changed in the overall situation :)

Stay healthy!

Your Scheuco

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