TradingView
InkyGrip
Jun 6, 2022 7:14 AM

BTCUSDT wants the breakout? Long

Bitcoin / TetherUSBinance

Description

The price bounced on the monthly support on 29300$, it's a key level for Bitcoin.
Now the price is testing an important resistance on 4h timeframe on the 0.382 Fibonacci level.

How to approach?
IF the price is going to retest it as new support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

–––––
Follow the Shrimp 🦐
Comments
cache_that_pass
You were right the first go round with your Bearish case. The composites wanted to trap as many as possible. I definitely got stopped out myself. Gotta love crypto
InkyGrip
@cache_that_pass, thanks for your feedback
Future_Wei
yes, longgggggg
InkyGrip
@Future_Wei, the price never satisfied our strategy, thanks for the feedback
UnknownUnicorn15614419
Great idea!
InkyGrip
@TradingStat, awesome
DeGRAM
Thank you for sharing your analysis. Great job!
InkyGrip
@DeGRAM, you are welcome
More