Good technical analysis! I think the TSI-Indicator is a good measurement for short term overbought / oversold market conditions. It also indicates good signals for momentum traders, but should be used only on that time horizon which is set in your settings of your indicator. For example you used (25, 13, 13) - I think therefore the expected prognosis horizon is not more than two weeks.
Bitcoin is due for a bigger price jump to overcome the oversold conditions. My targets are also around 7600 and 8200.
Good luck with trading everybody!
As you are so confident I will buy a huge amount of BTC instantly to become rich!
Haha, I didn't know - that I had so much influence on your investment decisions :-) lets be honest and say that markets are mostly acting irrational and technical indicators only should be used to increase your chances / odds of making good short term trades!
Yes, I know that’s what most people say. However it seems to be quite accurate in the long term as well.