Was playing around with oscillators the other day and noticed something interesting on the weekly BTCUSD chart:
Weekly RSI under 30 has been an excellent indicator of bear market capitulations. Are we due for more downside before we can take another shot at those peaks of irrational exuberance? If so, this setup should be very useful for sniffing out a bottom.
Ahhh the sweet, nostalgic smell of irrational exuberance...
Weekly RSI under 30 has been an excellent indicator of bear market capitulations. Are we due for more downside before we can take another shot at those peaks of irrational exuberance? If so, this setup should be very useful for sniffing out a bottom.