NeoButane

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

NeoButane Diupdate   
BITFINEX:BTCUSD   Bitcoin
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.
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A more in depth analysis is in the related idea, with more price ranges.

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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 :)
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