BTCUSDT is creating an ascending channel 🦐

BTCUSDT is creating an ascending channel, if the price will have a breakout to the upside we can look for a long position, otherwise we can expect a retracement until the 0.5 Fibonacci retracement
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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.
  

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The price is testing 4h support. If the price is going to lose the support, we can see a retracement until 0.5 as I said in the video

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The price is following my drawing and the market could retest the 0.5 Fibonacci level around 36k

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The price is testing the 0.382 Fibonacci level right now as expected!

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评论:

The price is testing the 0.382 Fibonacci level as expected