LuokeNike

LuokeNike

Daily RSI's will continue downward after being oversold, although 4H RSI's a bit undersold we'll see that stretch a bit more, and hourly showing buying power ended when BTC climaxed at nearly $9,800.

LuokeNike

BTC often defies TA and RSI is pretty oversold so maybe it'll consolidate in the $9,100-$9,500 a bit before a breakout upward. We'll see if it does something crazy and breaks out despite being oversold. Flagpole from $6,800 to $8,200 so price target is $10,900 (based on the $1,400 difference).

LuokeNike

So #BTC will moon to $10845.5 tomorrow then crash down to $6258.4 in a black swan event. Everyone will buy, the price will go back in time to correct itself in a cup and handle formation followed by a double triple axel with a subpar one footed landing and moon to $10397.4 and then in a few days rest on the seventh day at approx. $8630.

LuokeNike

I think BTC will likely bounce around support at $7,600 until the bubble on April 1st OR We'll face another major drop through the support and go to $6,900 or lower Scenario #2 is more likely if it's anything like the drop at the beginning of March. Wait and see for the next couple days for a clear indication as this drop was needed, Stoch RSI on the daily had...

LuokeNike

RSI has been oversold for a while, looks like a double top to me. Hopefully bulls can keep up that buy pressure or we may see it sink to $7500.

LuokeNike

Breaking past $7600-7700 means spiral downward, if it bounces possibly see completion of a falling wedge and correction to ~$9k.

LuokeNike

BTC will go to either $11,200 or $11,600 before dumping again or to $11,600 with another dip and rise past resistance or a slow rise past resistance like we saw from Feb 26 onward. Still low volume so any significant movement will decide the next dip or short run.

LuokeNike

Unless we see more volume (sell or buy) BTC will continue its upward bounces to $12k.