BTC..To The MOON or To The MEAN !!

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3rd Test/Breach of the trend line..next target is the MEAN Trendline !

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Expecting an attack to the 200MA .. would be interesting level to watch as success or fail to break it would determine which scenraio would be in play 2014 or 2011 ?

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Expecting a gradual increase along with 100 MA and 200 MA cross and a touch to 200 MA around 1 st of may where it would be at 10K $..

The bounce today came with massive volume across all the exchanges indicating a volatilic rise caused by new instituition/fund entry..these mini bubbles usually happens in the accumulation phases..

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Volume is back ! short term targets:

1st target = 50MA = bear trand line @ 8600 $
2nd target = 200 MA @9800-10000 $

a possible final bull trap before dip/accumulation phase

(PLEASE NOTE THAT THIS IS NOT A TRADING ADVICE

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RSI in 1H and 4H levels similar to Prior crash which indicates that FOMO has kicked in