BTC daily is way OVERSOLD?
BTC daily chart has now fell into the biggest area of
support to stay on track for a nice retracement up to
the Golden Pocket Zone. IF BTC falls, these are the
areas of support. But look at the RSI...look at the circles
I drew up...Every time BTC RSI was OVERSOLD in the Black area,
the price made a nice move up. History should repeat itself, right?,
take a look on the RSI from the last 2 years, same
exact scenario.
Unless another black swan event happens, I see a
high probability, BTC grinds its way back into the Golden Pocket Zones..
If not, the support zones are listed...The RSI
and the
DeMark 9 indicator is whats showing we hit a bottom...
all we can do is analyze it like this.
support to stay on track for a nice retracement up to
the Golden Pocket Zone. IF BTC falls, these are the
areas of support. But look at the RSI...look at the circles
I drew up...Every time BTC RSI was OVERSOLD in the Black area,
the price made a nice move up. History should repeat itself, right?,
take a look on the RSI from the last 2 years, same
exact scenario.
Unless another black swan event happens, I see a
high probability, BTC grinds its way back into the Golden Pocket Zones..
If not, the support zones are listed...The RSI
and the
DeMark 9 indicator is whats showing we hit a bottom...
all we can do is analyze it like this.
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