InkyGrip

BTCUSDT wants to test the 0.618 Fibonacci 🦐

BINANCE:BTCUSDT   Bitcoin / TetherUS
$BTC.X Wants to retest the 0.618 Fibonacci level in order to fill the CME GAP. After our amazing Idea, now we need to wait to understand the strength.

The Bitcoin CME gap, also called the “CME gap” for short, is the difference between the trading price of a Bitcoin futures contracts when the market opens on Sunday, and when it closes on Friday. Unlike cryptocurrencies, traditional assets do not trade 24/7 around the clock. Most traditional exchanges follow normal working hours and close on holidays, and the CME is no exception to this!

Bitcoin CME gaps have often been known to “fill”. Filling means that the spot price moves back to the previous close


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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.