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: www.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.
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: www.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.