Hello fellow crypto-people!
As I suspect that, not unlike myself, everyone is stink-eyeing the bitcoin charts I thought I'd share my 2 cents. Please be advised that this is my first post and have absolutely no experience being entertaining about it.
As for my prediction:
I suspect Bitcoin to keep decreasing in value and ultimately land at its support-level which based on my RSI simulations seems to be at 6950 <> 7100 (these levels would bring the RSI ~30). I suspect this to happen in the next 5-6 days assuming no wild external news would kick dirt in our eyes and thus would continue on the same decreasing vector that we currently experiencing.
In Sesamestreet lingo (which reflects my intellectual prowess): Given the bearish environment in which Bitcoin currently finds itself I highly doubt that it would attract capital inflow until the BOT-parameters trigger buying actions. So now that I've entertained the destination (RSI @ 30) the speed at which we are currently driving would suggest that we arrive between the 20th and 22nd of May.
Thank you for reading through my first-ever post and I hope to spark some constructive and friendly discussion in the comment section (some bait: I suspect the next bull-run to bring us to ~12k after which we will consolidate and afterwards will take us to higher altitudes.
Cheers all!
Cowabunga
As I suspect that, not unlike myself, everyone is stink-eyeing the bitcoin charts I thought I'd share my 2 cents. Please be advised that this is my first post and have absolutely no experience being entertaining about it.
As for my prediction:
I suspect Bitcoin to keep decreasing in value and ultimately land at its support-level which based on my RSI simulations seems to be at 6950 <> 7100 (these levels would bring the RSI ~30). I suspect this to happen in the next 5-6 days assuming no wild external news would kick dirt in our eyes and thus would continue on the same decreasing vector that we currently experiencing.
In Sesamestreet lingo (which reflects my intellectual prowess): Given the bearish environment in which Bitcoin currently finds itself I highly doubt that it would attract capital inflow until the BOT-parameters trigger buying actions. So now that I've entertained the destination (RSI @ 30) the speed at which we are currently driving would suggest that we arrive between the 20th and 22nd of May.
Thank you for reading through my first-ever post and I hope to spark some constructive and friendly discussion in the comment section (some bait: I suspect the next bull-run to bring us to ~12k after which we will consolidate and afterwards will take us to higher altitudes.
Cheers all!
Cowabunga