BTCUSDT is creating a Pennant

6 Tem 2022

The price retested exactly the 19k as I told you in my previous analysis and now the price got a rejection from the 20k static resistance and dynamic resistance (0.618 Fibonacci level) and the market failed to create a new Higher High.

How to approach it?
The price could grab new liquidity from 21k area and create a new bearish impulse below the 19k, so If 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 🦐