BTC - How to catch the bottom and avoid the knifes using RSI

The 4Hour chart shows RSI below 20, which is OVERSOLD. But before you invest, know that its not the actual bottom

Whenever the price crashes and RSI touches 20 (OVERSOLD), its not the bottom. I marked circles in orange and vertical lines to show corresponding price.

The actual bottom happens after RSI raises again and falls later towards the bottom (RSI=20-30) again (and again). These are marked in red circles

Note the bear flag (blue) and the length of the pole is at 5k

Be careful where you want to go Long. Feel free to ask questions

تعليق:

Its been 6 days, when do you think we hit the bottom (chart update with days)