BTCUSDT after our previous idea retest as expected the daily resistance and moved higher.
The price is trading near to the upper trendline of an ascending channel exactly at the 0.382 Fibonacci level creating an interesting confluence zone.
How can i approach this scenario?
I will wait for the EU market open and look if the bulls will have enough strength to push the price higher to the 0,5 Fib level at the 25k.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
The price is trading near to the upper trendline of an ascending channel exactly at the 0.382 Fibonacci level creating an interesting confluence zone.
How can i approach this scenario?
I will wait for the EU market open and look if the bulls will have enough strength to push the price higher to the 0,5 Fib level at the 25k.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.