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Bitcoin Oversold Play: 4H RSI-14 at 20

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The green line signifies the price level that price would have to get to in order for simple RSI-14 to be at 20. Historically, this is an excellent signal to go long.

Let's see how this resolves.

On a related note, I would be very comfortable with $8200-$8300 as a long entry at least on an initial test of the level.
İşlem kapandı: hedefe ulaştı
Looks like the $8200-$8300 was indeed an excellent long entry (bottomed out at $8204) and went on to hold that level for over 3 days, climbing almost 10% during that time (before then breaking to new lows).

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.