BTC on the retest of a weekly support 🦐
Updated
BTC on the weekly chart is retesting a very important weekly structure.
The market after the break and test of the highs retraced back till the 10k level.
Being a strong support we can expect the price to bounce over the structure and respect the mid line of the channel for new move up.
On the other hand if the price will break below the weekly structure we can look 9k level.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
The market after the break and test of the highs retraced back till the 10k level.
Being a strong support we can expect the price to bounce over the structure and respect the mid line of the channel for new move up.
On the other hand if the price will break below the weekly structure we can look 9k level.
----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Note
Everything as expectedNote
The price wants the monthly trendlineNote
the price breakout the rising wedge, Now it can retest it or create another impulse until monthly resistance.The chart is not clear right now
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