Bitcoin Oversold Play: 4H RSI-14 at 20
The 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.
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.
Trade fermée: cible de profit atteinte
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).
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.