Stoch RSI is over sold. I expect a dip and if $7,050 levels hold, We should see a ralley back to retest the neckline at $7,777 levels. This will form another IHS pattern. Breaking the neckline completes the pattern and then only in that case, BTC will target 10k levels.
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There is a typo. Stoch RSI is overbought not oversold.
This was completely wrong. You were also saying "RSI is overbought" but in your telegram you acted like you knew BTC was going to pump straight to 8k. It kept on pumping from the moment you posted this chart saying it would test $7,050 levels. You were wrong, Kia.
craigveness
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@classic123, while the downward movement first was incorrect, his second half was right at least, yes? Broke the neckline and is targeting high...
I guess I'm just surprised at your post given it was criticising an update that still has the macro foundations correct, even if the immediate movement prediction failed to eventuate. If he'd been completely wrong, there would have been no acknowledgement of the upward movement following the $7777 mark being broken, right?
classic123
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@craigveness, Yes he was right about the upward movement. What got me pissed was that he was showing off someone praising him about him not using "RSI Overbought" for his prediction. But he did use it. And he knew he was wrong about it. But he still showed it off without acknowledging that he used the same logic as the traders who were wrong. He doesn't deserve the praise, because he wasn't completely right. He said "down then up", not "maybe down, and then up, or maybe straight up."