BTCUSDT Bounced on a weekly support! 🦐
Updated
BTC bounced on weekly support, and not the price is on 0.5 Fibonacci level (Previous idea) and very near to the monthly trendline.
On the 0.618 Fibonacci level, we can see a strong daily resistance, we need to wait and check what will happen at that level (11200–11500)
Weekly prospective
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Follow the Shrimp 🦐
Keep in mind.
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 Plancton0618 strategy will trigger.
On the 0.618 Fibonacci level, we can see a strong daily resistance, we need to wait and check what will happen at that level (11200–11500)
Weekly prospective
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow 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 Plancton0618 strategy will trigger.
Note
Perfect bounce on the neckline
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