J_R

J_R

Assuming the pattern continues this could hit $0.13 by September.

J_R

The weekly stoch RSI is once again above 80, which has historically triggered significant losses of 15-18% dating back to 2013. This was even true in 2014/15 when the RSI had comparable oversold levels to today. Assuming BTC is unable to break the RSI trendline, which I doubt given the low volume, I'm expecting to see 18-20% losses that will take us back to the...

J_R

Shouldn't be long now, expecting a drop similar to the previous breakout attempt approximately 1 month ago. This time looking for a low of around $3200, assuming BTC remains in the same descending channel.

J_R

Despite the climb back to $3600 BTC is still following its downward trajectory that started in late November. Given the low volume after the initial pump I suspect we'll see a drop back down to around $3180, and further losses at this level could take it to resistance at the $2750 range.

J_R

BTC has still not fully retraced to its long-term trend line, leading me to believe it's still got a little room to drop before we break upward out of its descent. I don't expect to see a breakout this run as it's failed a few times now and the volume just isn't there. Expecting a short term drop to $6,100 before it retests the upper edge of the descending line...

J_R

Not trade advice, just theories based on what I'm seeing. Target 1 would get us to prior resistance/support levels of 1400 sats. Breaking through that level would allow a gain to around 1550. Of course this all depends on what BTC does.