fluorforest

Comparing btc price on the basis of Weekly RSI behavior

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Based on W RSI from 2014, where btc             was in similar situation

Looking for reverse to test new whales support levels around 6000 - 7000 next week.

if the bulls are more insane than I thought, then they will go to 12,000 directly from 9000 levels without retesting 6000-7000 area again.
if the bears win with this expectation of retesting a new whale support, then i except the price will fall down and look for the support around 5,000 and later even lower.

Thanks for comments
edit: If bulls holds, then i expect run for 12000, if the bulls are more insane than I thought, they will go to 12,000 directly from now without retesting 6000-7000 area.
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