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 ––––– 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.
Good job, I still think this is the case, but we have a lot of denial to go through on the buying side first. Everyone is accustomed to these numbers going up, so there's a little extra misguided support coming in. Still on track down with lower highs, lower lows.
InkyGrip
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@bradleylitwin, appreciate your comment mate and thanks a lot to sharing your vision 🦐