BTCUSD - Small dip before a dump (then a run)
We're going to hit the fib line and RSI is at 70. I am expecting a few hundred dollars dip before it resumes.
Then I believe it will dump a >$500 at $12,000. Not sure if it would break the speed resistance fan line, but it can rest on the next price trend line like it has done when we hit $9,000.
Overlay shows either shorts increasing or longs have been closed; either way, I am expecting pull back at this level, but I am certain that going under $10,000 is going to be very difficult for BTCUSD.
Then I believe it will dump a >$500 at $12,000. Not sure if it would break the speed resistance fan line, but it can rest on the next price trend line like it has done when we hit $9,000.
Overlay shows either shorts increasing or longs have been closed; either way, I am expecting pull back at this level, but I am certain that going under $10,000 is going to be very difficult for BTCUSD.
Komentarz:
A more in depth analysis is in the related idea, with more price ranges.
Komentarz:
Looking for price action correlated coins during these runs.
Looking for price action correlated coins during these runs.
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
