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InkyGrip

BTCUSDT is creating a descending channel 🦐

Bitcoin / TetherUS (BINANCE:BTCUSDT)  
InkyGrip Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Harmonic Patterns Chart Patterns breakout breakouttrading breakoutsignal breakouts breakouttrade
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trendanalysis harmonicpatterns chartpattern breakout breakouttrading breakoutsignal breakouts breakouttrade
BTCUSDT is creating a descending channel inside the daily ascending channel. We need to monitor the 0.5 Fibonacci level on the W's neckline.
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.
Comment:
The price is ranging below the weekly resistance
snapshot
Comment:
Breakout!
snapshot
Comment:
The price is testing the weekly resistance as new support!
snapshot
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