The market is very nervous due to the Russia and Ukraine conflict.
From my previous idea(tradingview.com/chart/BTCUSDT/FLFQjH6u-BTCUSDT-is-testing-the-0-618-Fibonacci-Level/) , we made more than 12% and now the market is testing the first important level on 0.886 Fibonacci level and static support.
We could see a bounce until the daily resistance or a new false breakout from it with a retest of 37k as well.
How to approach?
We are waiting for a retest of our structures for a new bearish impulse until our key level is around 33k.
33k is a weekly support and it's so important, so if the price is going to have a retest and it will satisfy our rules, we can look for a new short position or increase the existing one.
The scenario is invalidated above the 40k
–––––
Follow the Shrimp 🦐
Keep in mind.
From my previous idea(tradingview.com/chart/BTCUSDT/FLFQjH6u-BTCUSDT-is-testing-the-0-618-Fibonacci-Level/) , we made more than 12% and now the market is testing the first important level on 0.886 Fibonacci level and static support.
We could see a bounce until the daily resistance or a new false breakout from it with a retest of 37k as well.
How to approach?
We are waiting for a retest of our structures for a new bearish impulse until our key level is around 33k.
33k is a weekly support and it's so important, so if the price is going to have a retest and it will satisfy our rules, we can look for a new short position or increase the existing one.
The scenario is invalidated above the 40k
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Note
Today is a bad day, The war starts and the market is so nervous.
The price is going to retest the daily resistance as expected, we could see a new retest of 0.382. 0.5 Fibonacci level before a new bearish impulse until 33k
We made more than 12% since my first idea.
Congrats!
Note
What a bounce! the price got a bounce exactly on the 0.886 Fibonacci level and not the market is testing again the supply zone!If the price is going to have a breakout and a daily close above 41k could be a nice reversal sign!
Let's see 👀
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.