BTCUSD could see dump till 8300$

BTCUSD could see dump till 8300$

BTC Analysis

BTC could see one significant correction in upcoming hours as the market is now pretty greedy. H4 candle is steady for now under 8800$ resistance, but it won’t last too long, because it’s a sign that bulls aren’t able to close candle above 8800-8900$ which is one of the signs for a SHORT opportunity. But if somehow, D1 candle closes above-mentioned zone, it could mean that level is reclaimed and everything is ok.
On the chart, I drew important S/R zones and levels, as well as one SHORT trade.

Enjoy Analysis!

Published at Wed, 15 Jan 2020 17:03:26 +0000

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