Here is a chart that I drawed days ago. I have no experience as trader, but Bitcoin is travelling along the path I drawed.
What i saw on Btc was a big pattern forming. What I've done is just joined RSI most important oversold and overbuyed points and do the same with the price movements.
Is not difficult to imagine the evolution of the RSI and then combine it with Fibonacci, important supports and previous shapes.
If you look closer and switch to 4h chart you can see the movement of the las days and how I drawed it. Bitcoin is triangles, not blocks! OMG.
This is more like draw things on a chart because I don't know so much about his cryptostuff, so please don't take this as a investment advice.
Peace and love one which other!
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Overbuyed... Kill me bull... overbought.
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Here is a closer update
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Ok, it's time to go down, for me nothing has changed. I expect a bounce around 9500, but I don't know...