BitcoinUpdated 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.
Note
A more in depth analysis is in the related idea, with more price ranges.
Note
Looking for price action correlated coins during these runs.
My published indicators: 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 :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My published indicators: 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 :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.