BTCUSDT, we need to wait for a clear movement 🦐

2020년 10월 19일

BTCUSDT, we need to wait for a clear movement. The price is testing 0.618 Weekly retracements and the price creates a new resistance at this level.
Above this structure, the price will find weekly resistance and monthly trendline as you can see from the pictures below.
The price tested few times 0.382 Fibonacci daily support and creates nice daily support.
What we can do? We need to wait.

There is a time to go long. There is a time to go short. And there is a time to go fishing." - Jesse Livermore

Weekly


Monthly


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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.