- Every time BTC -1.01% daily interval RSI has gone oversold, its jumped straight back within 1 day. Its headed in that direction right now.
- Most times BTC -1.01% has dropped badly, the bottom is followed by another shallower dip (including the Christmas - New Year double dip).
- 6 days ago BTC -1.01% bounced off the 100 day moving average - followed by another (shallower?) dip.
- Triangle indicates a big movement will happen soon.
When 1D goes oversold at 30% RSI , this will trigger a load of bots to buy. Even if its not the complete bottom, it will certainly be followed by a big bounce.
This week we may have a very nice winter bonus.
A few words of warning:
History does repeat itself, but there is always a first time.
Caveat: I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
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getting closer, biting my nails...
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