BTC - Symmetrical Triangle

25 Eyl 2022

We have our weekly close in about 5 minutes. We still have not closed at least a daily below $18,500, but it looks like the weekly will close its first weekly candle body below $19,300. This will be the lowest weekly close since Dec 2020! Therefore this symmetrical triangle seems valid. Many touches of support/resistance. Recently we broke down, but we could have a retest bearish confirmation around $19,000. The measured move price target for this move would be around $17,400.