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#BTC/USDT ANALYSIS
BTC is trading in a descending triangle in between the marked rectangular channel. A successful breakout of the descending triangle will target the horizontal resistance around $20,500 which is the main level for bulls to break for the confirmation of a bullish trend in the market.
If BTC breakdown the descending triangle then it will target the horizontal support of $18,500, which is the key level for bears to break below it with a retest for the confirmation of a downward move.
The weekly candle closed as an indecisive candlestick. Other financial markets will open today and a new Monday range will form that will also clear further price movement.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
#BTC/USDT ANALYSIS
BTC is trading in a descending triangle in between the marked rectangular channel. A successful breakout of the descending triangle will target the horizontal resistance around $20,500 which is the main level for bulls to break for the confirmation of a bullish trend in the market.
If BTC breakdown the descending triangle then it will target the horizontal support of $18,500, which is the key level for bears to break below it with a retest for the confirmation of a downward move.
The weekly candle closed as an indecisive candlestick. Other financial markets will open today and a new Monday range will form that will also clear further price movement.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
