BTC are you gonna get corrected or what?

٢١ أغسطس ٢٠٢٠

#BTCUSD #1hr #Bybit #Tommy
- Here is BTCUSD 1hr chart. It failed to break the 11900 resistance and is going through some correction.
- I am currently considering 11810 as a short-term resistance.
- For pattern perspective, we could say that it just broke the rising wedge and then had a retest.
- Please pay attention to the blue long-term trendline that is located below. I have marked it with blue box.
- If it fails to support, the market is highly likely to become bearish.
- The adequate areas for entering short are 11960~12030 (valid until 6 hrs from now) and 12100~12200.