The most optimistic vision that i can see for Bitcoin right now is represented in this chart : We have the inversed head and shoulders completed guiding us to 17K area and then a small correction to 14.5K-15K to fill up the rocket to break ATH and ride up to 28K-30K (Psychological resistance ) level. After that we can expect a hard correction back to the uptrend line.
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Just to make sure that this is the most bullish scenario that i can see for Bitcoin right now .
Cool, here we are! Many thx Dude! What do you think about Stoch RSI in this graph?
Dude56
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@jcfrantz, RSI is not oversold or overbought . Totally undefined. But, stoch rsi is going down from overbought
alejandroscotti
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On the 3-day chart it crossed below MA50 by $900 and MA100 is at $6600
alejandroscotti
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It still looks bearish on the weekly chart. If it breaks $8200 it will nosedive. It is what it is. Ride the market...
alejandroscotti
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@scottialex, on the weekly it's not even $8200, it's around $8600...
custom_drake
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yes its too optimistic.. especially thats how whales/big money wants to convince average Joes and traders to believe in Bull trend.. but we all know if BTC moves up without real moves, means someone JUST LET it go up....
Dude56
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@rapidbtc, Lol. This is the most optimistic vision possible for Bitcoin