BTCUSD - Small dip before a dump (then a run)

19 feb 2018

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.

19 feb 2018

Nota

A more in depth analysis is in the related idea, with more price ranges.

20 feb 2018

Nota

Looking for price action correlated coins during these runs.