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InkyGrip

BTCUSDT is creating a descending channel 🦐

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
InkyGrip  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Wave Analysis
24
14
trendanalysis chartpattern waveanalysis
BTCUSDT is creating a descending channel, and the price wants to test 40k. 40k is on 0.618 Fibonacci level on Daily timeframe and on 0.382 Fibonacci level on Monthly timeframe. According to Plancton's strategy (check our Academy), we can set a nice order
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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.

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BTCUSDT wants to retest 0.618 Fibonacci level around 40k. 🦐
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