BTCUSDT wants the 51k
On my previous analysis (https://www.tradingview.com/chart/BTCUSDT/tfAoZ9UW-BTCUSDT-is-testing-a-key-level/) I said that the price needed the breakout, ant it happened,.
now the price is above the key level (monthly one – 46200).
We could see the retest of the monthly or more deeper, on the previous 4h resistance where the market could get liquidity for the new impulse.
The next valid resistance is 0.5 Fibonacci level on the monthly timeframe (51k)
How to approach?
The price needs to confirm the flip, the buyers need to hold the price above the 46200. IF the price is going to satisfy our rules, 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 🦐

