The 3-day RSI of BTC is rarely oversold. However, the last three days have pushed the RSI well below 30. Historically, the 3-day RSI will be below 30 for only a couple of 3-day candles.
This could indicate that the bottom of the current capitulation is near. Hard to say where it is exactly, but it's very likely that we're going to see a bullish move in the next 2 weeks, historically.
Hold on tight, we're near the end.
This could indicate that the bottom of the current capitulation is near. Hard to say where it is exactly, but it's very likely that we're going to see a bullish move in the next 2 weeks, historically.
Hold on tight, we're near the end.
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