BTCUSDT is waiting for a retracement 🦐

BTCUSDT is waiting for a retracement after an amazing bull run.
The price is testing previous weekly support on 0.618 Fibonacci retracement.
Now the price could have a bounce on daily 0.618 Fibonacci retracement (short term) or have a breakout downward.

In both cases, we need to wait for a retest on weekly support/resistance to open a short position. The target could bo 0.618 Weekly Fibonacci retracement

weekly


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.
  

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.