BTC Levels — Oversold RSI, Let's See
Mis à jour
Fib levels I'm watching in the coming days, especially tomorrow with the G20 conference on BTC.
Notes:
- Oversold daily RSI
- Volume increasing
Conclusion:
- I believe this market is ripe for a reversal. This is not a bull market, but I'm speculating that BTC's current technicals would facilitate a potential reversal given good news at the G20 summit. Fear is priced in at the moment — but a news conference can't be accurately priced into the market until after everyone gets the verdict.
Let's see how this plays out!!!
Notes:
- Oversold daily RSI
- Volume increasing
Conclusion:
- I believe this market is ripe for a reversal. This is not a bull market, but I'm speculating that BTC's current technicals would facilitate a potential reversal given good news at the G20 summit. Fear is priced in at the moment — but a news conference can't be accurately priced into the market until after everyone gets the verdict.
Let's see how this plays out!!!
Transaction en cours
Good preliminary statements from G20 seem to have excited the market — taking this as confirmation of my idea.Transaction en cours
Last time BTC touched off the .236 retracement (from ATH, level is ~ $9179), it retraced to $7900 and then continued to test $11,700. Monitoring if this pattern repeats itself.
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