BTC: Short Idea (Alt Season Imminent?) - Aug 21, 2020

BTC can be seeing a correction if this gravestone DOJI comes into play. This can be a possible opportunity for bears to take over the situation and drive price down to our major fib level at around $9,800, which lines almost perfectly with our previous CME gap that we mentioned at $9,700 USD.

We would like to make sure everyone know that a retrace to sub 10K levels would be actually a very healthy thing as it would fill the void for BTC's notorious CME gap, and also give a chance to retest support before the next big swing up to new highs.

Trade Safe.