BTCUSDT had a huge SHORT SQUEEZE on Binance Futures. and now the price is testing the weekly resistance. IF the price will have a breakout from it, we can look for a long position.
Usually, after a huge "artificial" pump, we could see a Bart Simpson pattern, and the price could retest the previous resistance as new support.
According to Plancton's strategy(check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
Usually, after a huge "artificial" pump, we could see a Bart Simpson pattern, and the price could retest the previous resistance as new support.
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.
Note
the price got a rejectionNote
the price could retest the 0.5 Fibonacci level before 35k
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.