NeoButane

BTCUSD - $11,200-$11,400 support explained

NeoButane 업데이트됨   
BITFINEX:BTCUSD   비트코인
Volume tapering off, a break under $11,200 can be a potential freefall.
코멘트:
Double top on the 12hr candle close.

On a smaller time frame, bearish divergence is not fully realized yet on indicators.
코멘트:
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.

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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