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InkyGrip
May 10, 2022 6:58 AM

BTCUSDT ready for the pullback? Long

Bitcoin / TetherUSBinance

Description

The price is testing the monthly support where the price has a confluence as you can see on the daily timeframe.
On the 4h timeframe the price could get new liquidity in order to create a new pullback if the price is going to have a clear breakout from 33k.

How to approach?
If the price is going to have a breakout, 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 🦐

Comment

The price is testing the 30k right now. The market must close above 29-30k otherwise the next stop could be 23k.
Let's see!
Comments
AlkalineFX
Interesting!
InkyGrip
@AlkalineFX, appreciate it
KlejdiCuni
Very helpful, thanks for this post
InkyGrip
@KlejdiCuni, you are welcome
Birdgirltrader
what about more affordable pairs such as VETUSDT?
InkyGrip
@Birdgirltrader, feel free to paste your chart here mate
Solldy
Great publication! I think this movement will be accompanied by some important news. So, for now, I'm waiting and keeping an eye on the current news.
InkyGrip
@Solldy, which kind of news?
FX_Professor
Nice chart, bravo.
InkyGrip
@FX_Professor, cool mate, appreciate it
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