micmuc
Long

RSI-Breakout Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Last five times BTC broke out over the RSI 80 level, a rally followed taking us at least 23% higher. It therefore seems more likely than not that we will overall continue up coming days/weeks and even touching 8000 by the end of April would not be too much out of the ordinary.
Comment: Note the rally gain percentages are counted from the moment of the first RSI top, not from the moment of breaking the RSI 80 level itself.

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