BTCUSD waiting for the resistance level retest.

4 Sep 2020

Hello everyone, I share my thoughts on the cue ball.

In this review, I want to share my thoughts on the current situation and where we are going.
The first aggression from the sellers appeared - it can be seen from the sharp sale when the price tried to retest 9900.
Specifically, I associate it with clear support from buyers.
On the way, the closest obstacle is the resistance level marked with a red line.
But at the moment the price is forming a potential for an upward movement, the target that I indicated on the charts.
There is no growth without correction. Many, including myself, are waiting for a hike down in the foreseeable future. It is difficult to predict the depth of the correction (perhaps TA will help on large TFs).
I will make such a review later)
At the moment, the price is forming a potential for an upward movement, I am waiting for the resistance level retest.

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