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Bitcoin / TetherUS
Updated

BTCUSDT is creating a descending channel 🦐

1 009
BTCUSDT is creating a descending channel inside the daily ascending channel. We need to monitor the 0.5 Fibonacci level on the W's neckline.
According to Plancton's strategy(check our Academy), we can set a nice order
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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 is ranging below the weekly resistance
snapshot
Note
Breakout!
snapshot
Note
The price is testing the weekly resistance as new support!
snapshot
InkyGrip
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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.
breakoutbreakoutsbreakoutsignalbreakouttradebreakouttradingChart PatternsHarmonic PatternsTrend Analysis
InkyGrip

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.