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InkyGrip
Oct 18, 2020 6:41 AM

BTCUSDT is inside a descending channel 🦐 

Bitcoin / TetherUSBinance

Description

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BTCUSDT is inside a descending channel for a few days.
The price tested several times the daily support and the local resistance. At the moment the volume is decreasing and it means a new impulse. We can't predict which direction, we need to wait for confirmation and follow the market.
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Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • πŸ”΄ Red structure -> Weekly structure.
  • πŸ”΅ 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.
Comments
MachiavelliTrader
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Great idea, pullback is very likely at this point
InkyGrip
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@MachiavelliTrader, thanks for sharing your vision with us
capableKing30549
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I guess based on macd ,ichimoko, alligator and boolinger it will go till 11525 in next 2 or 3 hours 😬
InkyGrip
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@capableKing30549, looks in a strong move. thanks for sharing your view :)
bestfarbit74
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good. happy to see we are in the same view. cheers!
InkyGrip
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@bestfarbit74, 🍻
Mahtab_Tradia
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Channels are very practical tools πŸ‘ŒπŸ» ThanksForSharing πŸ€—πŸ™πŸ»
InkyGrip
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@Mahtab_sh, thanks for your comment and vision 🦐
PolarHusk
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I think it is trying to test the upper trendline. Thanks for sharing your idea πŸ»β€β„οΈπŸ˜ƒ
InkyGrip
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@PolarHusk, thanks thanks thanks 🍿πŸ”₯πŸš€πŸ¦
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