BTC analysis for November 19,.2020 - Both targets met from yesterday but symmetrical triangle in creation and potential for the breakout

Further Development

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Analyzing the current trading chart of BTC, I found that BTC both our yesterday's targets and that market entered contraction mode.

I found that symmetrical triangle is in creation on the 1H time-frame, which is sign of the balance and warning to watch for the breakout.

The downside breakout of the support at $17,300 will confirm downside movement towards $16,200


Key Levels:

Resistance: $18,000

Support levels: $17,300 and $16,200


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Performed by Petar Jacimovic
Analytical expert
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