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Batrachotoxin
Aug 20, 2019 8:01 AM

Where does BTC go in short-term? 

Bitcoin / U.S. dollarBitstamp

Description

Where does BTC go in short-term?

After a correction last week, BTC fell to 10k zone with a long wick candle to 9k5. As recommended in the last analysis, the area between Fib. 61.8% and 78.6% would be an ideal buy zone for this correction (previous analysis: tradingview.com/x/uL3z7UMM/).

From Aug.15th 2019, BTC move forms a (possible) rising wedge pattern, which is a continuation pattern. BTC shows BEARISH favor until it can break (11k2 - 11k6) area with a good volume.

BTC can rise more, keep eyes on BTC when it reaches the red box.
The supports, resistances, buy zone and sell zone are as shown in the chart.
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