The price is testing the 0.618 Fibonacci level as resistance after the sharp movement. the price could have a rejection from that area after the pullback and got a new bearish impulse.
At the moment the market is going to create a new higher low in that area, as you can see on the left, this area is a confluence zone for Bitcoin.
How to approach?
IF the price is going to have a new rejection from that area, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
At the moment the market is going to create a new higher low in that area, as you can see on the left, this area is a confluence zone for Bitcoin.
How to approach?
IF the price is going to have a new rejection from that area, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
The price is testing the 0.618 Fibonacci level as resistance. If the price is going to have a clear rejection, we could see a new bearish
let's see!
Note
more down if the price is going to lose the supportNote
The Price following my drawing! 
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.