BTCUSD - $11,200-$11,400 support explained
Volume tapering off, a break under $11,200 can be a potential freefall.
Komentarz:
Bullish pullback on the longterm support/resistance horizontal line (from January) with mostly only bottom wick and possible crossovers on indicators. Currently sitting on 100EMA, the last time this was broken we fell through the .618 extension.
A safe entry is now with a stop loss at $11,200 if we take into consideration the pullback that will come after we break through $11,400.
A safe entry is now with a stop loss at $11,200 if we take into consideration the pullback that will come after we break through $11,400.
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 :)
On a smaller time frame, bearish divergence is not fully realized yet on indicators.