Bitcoin Oversold Play: 4H RSI-14 at 20

١٢ مايو ٢٠١٨The 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.

٢٠ مايو ٢٠١٨

أغلقت الصفقة: تم الوصول للهدف

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).