BTCUSDT is creating an ascending channel, if the price will have a breakout to the upside we can look for a long position, otherwise we can expect a retracement until the 0.5 Fibonacci retracement ––––– Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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The price is testing 4h support. If the price is going to lose the support, we can see a retracement until 0.5 as I said in the video
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The price is following my drawing and the market could retest the 0.5 Fibonacci level around 36k
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The price is testing the 0.382 Fibonacci level right now as expected!
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The price is testing the 0.382 Fibonacci level as expected
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