BTCUSDT wants the 51k

28 thg 3, 2022

In my previous analysis (tradingview.com/chart/BTCUSDT/tfAoZ9UW-BTCUSDT-is-testing-a-key-level/) I said that the price needed the breakout, and 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 🦐

28 thg 3, 2022

Ghi chú

the price is in consolidation phase above the daily resistance

28 thg 3, 2022

Ghi chú

The buyers are pushing up!
So far so good

29 thg 3, 2022

Ghi chú

The price is testing an important resistance right now on 47600. If you look on the left, you can see a red candle between green candles, it means that the price could get a rejection from the supply zone.

We will wait for the Asian Session and I Will analyze it again

30 thg 3, 2022

Ghi chú

The price is still testing the daily resistance on 48k, it's a hard one.
On the 4h timeframe, the price had a nice reaction from the first bearish impulse.

Honestly, I'd like to see a healthy correction on the monthly support, in that case, the market could create a bullflag and grab new liquidity in order to create a clear breakout from the 48k resistance.

Stick to the rules, wait for the opportunity!