TheIntern

TheIntern Updated 

Hi Guys, First off, this is not advice, nor is it science or a prediction, this is just to discuss price action. So, looking at the charts over the last couple of days, specifically at the Relative Strength Index, I noticed that Bitcoin has been at its highest oversold level since.... ever. Additionally, despite the recent appreciation and inflows, the RSI is...

TheIntern

The green line is the KEY Bitcoin level -> heavy battle between bears and bulls around there (significant volume) Blue and Red lines form what I believe to be BTC's downtrend What worries me here are the agreeing volume oscillators. For BTC's price to 'moon', it needs VOLUME -> the ROC and CMF both clearly indicate that there is more downtrend to come...

TheIntern

Inverted head and shoulders pattern showing bullish bias and potential retest of 0.618 in next week Triple waves pattern also confirms a potential retest of 0.618 level in next week according to the angles and lengths of previous waves RSI levels are showing signs of overselling -> might indicate a reversal in short term as both 4h and weekly charts show this...

TheIntern

Close watch on march 5th: -expect price to reach 7.15 if inverted flag is confirmed -if flag confirmed look for MACD bullish zero crossover -if bullish zero crossover confirmed, expect RSI levels to be short-50s -expect price to reach 7.25 if right shoulder pattern is confirmed -if shoulder confirmed...