BTCUSDT rejected from the weekly resistance 🦐
Updated
BTCUSDT rejected from the weekly resistance and the price is creating a rising wedge.
IF the price will break the dynamic support, we can see a new bearish impulse, and the price could retest 0.618 Fibonacci level (weekly)
IF the price will have a breakout from the weekly resistance, and flip into support, we can see a new bull run.
At the moment we need to wait in order to have a clear scenario
–––––
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 the Plancton0618 strategy will trigger.
IF the price will break the dynamic support, we can see a new bearish impulse, and the price could retest 0.618 Fibonacci level (weekly)
IF the price will have a breakout from the weekly resistance, and flip into support, we can see a new bull run.
At the moment we need to wait in order to have a clear scenario
–––––
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.
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 the Plancton0618 strategy will trigger.
Note
The price is testing the support 
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