Bitcoin / Tether
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BTCUSDT is testing the 0.618 Fibonacci level

Atualizado
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.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

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Follow the Shrimp 🦐
Nota
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!
snapshot
Nota
more down if the price is going to lose the support
snapshot
Nota
The Price following my drawing!
snapshot
Chart PatternsfibonaccianalysisFibonacci ConfluenceFibonacci ExtensionFibonacci RetracementHarmonic PatternsTrend Analysis

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