BTC symmetrical triangle
#BTC/USDT
short-term analysis.
BTC is inside a symmetrical triangle between 0.5 and 0.386 fib levels of the last swing high.
🐻 bearish flag can drop price to break out from lower line toward 0.5 fib level at $22700.
🐮 the upper line of flag is the same with descending resistance zone, that makes this zone strong.
BTW if price breaks out from this zone price possible to move up toward resistance zone above $23500.
short-term analysis.
BTC is inside a symmetrical triangle between 0.5 and 0.386 fib levels of the last swing high.🐻 bearish flag can drop price to break out from lower line toward 0.5 fib level at $22700.
🐮 the upper line of flag is the same with descending resistance zone, that makes this zone strong.
BTW if price breaks out from this zone price possible to move up toward resistance zone above $23500.
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