I have experienced more than 10,000 forecasts on PocketOption USING RSI (2). If you look at BTC's Weekly RSI (2) you may realize that this is a Continual Pattern with BTC - meaning that Oversold/Overbought Areas follow each others consecutively.
Yet, please be notified that just before the gigantic Price Tsunami there has to be a DEEP PLUNGE as a "Reaccumulation" before the MARK UP Cycle. I do not know how long does it take, but for sure at least 50 - 70% Decrease is expected.
Thank you for your analysis. You are using one metric (weekly RSI) to predict a 50-70% pullback? The RSI stayed at this level for 3 months beginning in October before pulling back for 15 minutes to 30k. No offense, but seems more like FUD at the current time.
Morteza-Emzajerdi
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@theworldinscents, No! Second paragraph is something else. I have mentioned two different things. First one is the RSI (2). Then, I said just before a gigantic price growth there has to be a Reaccumulation Phase during which I expect a 50 - 70% plunge.
That is no offense when you express what you think politely. We are humans & we dialect brother.