BTCUSDT is testing the important resistance 🦐

Updated
The price is testing the supply zone on 0.5 Fibonacci level. IF the price will have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
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.



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 the Plancton0618 strategy will trigger.
Note
Waiting for the Supply breakout
snapshot
Note
the price is ready to test the supply resistance
snapshot
Note
Breakout as expected
snapshot
Note
The price is testing 0.618 Fibonacci level. If the price will have a breakout from that level, we can see a new ATH
snapshot
Note
The price is testing the important support snapshot
Note
We love 0.618. Golden Ratio. Be careful, if the price lose that support, we can see 40k again 👀

snapshot
Note
Ready for breakout
snapshot
breakoutbreakoutsignalbreakouttradingChart PatternsTrend Analysis

Related publications

Disclaimer