BTCUSDT starts with new Accumulation/Distribution Phase?
$BTC.X After a very amazing bull run, The price could start with an accumulation/distribution phase, and we could see the range.
The accumulation phase is a stage of consolidation. There is no clear trend, and the price is usually trading in a range. It’s a span of time in which traders and institutions are slowly accumulating cryptos, but the market has not broke out yet. It’s also referred to as a “basing” period.
The price could retest the previous 4h support, around 0.618 Fibonacci level
According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
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.
The accumulation phase is a stage of consolidation. There is no clear trend, and the price is usually trading in a range. It’s a span of time in which traders and institutions are slowly accumulating cryptos, but the market has not broke out yet. It’s also referred to as a “basing” period.
The price could retest the previous 4h support, around 0.618 Fibonacci level
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.
