smart4ever

#Bitcoin weekly RSI is in an interesting zone

Long
BITSTAMP:BTCUSD   Bitcoin
Since the beginning, it was only 2 times that $BTC was in RSI oversold zone in weekly timeframe.
both times it was the bottom for #Bitcoin price and rose significantly in months ahead.
Now it's the third time it is oversold in 1W TF.
Let's see if this time is the bottom again and we can expect #Bitcoin price to move upward in month ahead.

Not Financial Advice

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.