The market is very nervous due to the Russia and Ukraine conflict.
From my previous idea(tradingview.com/chart/BTCUSDT/FLFQjH6u-BTCUSDT-is-testing-the-0-618-Fibonacci-Level/) , we made more than 12% and now the market is testing the first important level on 0.886 Fibonacci level and static support.
We could see a bounce until the daily resistance or a new false breakout from it with a retest of 37k as well.
How to approach?
We are waiting for a retest of our structures for a new bearish impulse until our key level is around 33k.
33k is a weekly support and it's so important, so if the price is going to have a retest and it will satisfy our rules, we can look for a new short position or increase the existing one.
The scenario is invalidated above the 40k
–––––
Follow the Shrimp 🦐
Keep in mind.
From my previous idea(tradingview.com/chart/BTCUSDT/FLFQjH6u-BTCUSDT-is-testing-the-0-618-Fibonacci-Level/) , we made more than 12% and now the market is testing the first important level on 0.886 Fibonacci level and static support.
We could see a bounce until the daily resistance or a new false breakout from it with a retest of 37k as well.
How to approach?
We are waiting for a retest of our structures for a new bearish impulse until our key level is around 33k.
33k is a weekly support and it's so important, so if the price is going to have a retest and it will satisfy our rules, we can look for a new short position or increase the existing one.
The scenario is invalidated above the 40k
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Not
Today is a bad day, The war starts and the market is so nervous.
The price is going to retest the daily resistance as expected, we could see a new retest of 0.382. 0.5 Fibonacci level before a new bearish impulse until 33k
We made more than 12% since my first idea.
Congrats!
Not
What a bounce! the price got a bounce exactly on the 0.886 Fibonacci level and not the market is testing again the supply zone!If the price is going to have a breakout and a daily close above 41k could be a nice reversal sign!
Let's see 👀
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.