Hallo people, indicated above with letters A,B and C are the lows made when BTC entered in RSI oversold area. There are a lot of levels on which D could be formed including above the yellow rectangle. In my view a D will be confirmed when (a) RSI will climb back from oversold by breaking trendline, (b) MACD will cross for the upside and (c) price crosses and stabilize above 20SMA.
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Thank you for reading and for sharing your ideas.
