BTCUSDT is in Accumulation phase below the resistance
Updated
The accumulation phase refers to a period where traders and investors are slowly buying into an asset, creating demand and pushing the price higher. In the case of the market, it appears to be creating an accumulation phase below the 25k area, with the current price testing the 0.5 Fibonacci level as new resistance.
Traders may be waiting for a breakout above the 24k level, which could indicate a continuation of the uptrend and signal a new high. The next target, as indicated, could be around 26k-27k. so According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
Traders may be waiting for a breakout above the 24k level, which could indicate a continuation of the uptrend and signal a new high. The next target, as indicated, could be around 26k-27k. so According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Note
The price needs to create the breakout soon!
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