L3gOnD

BTC 3D Stoch KD Cross over last 2.5 years

Long
BITFINEX:BTCUSD   Bitcoin
This is just a look at how BTC has performed previously when the Stoch RSI has a KD cross from the oversold levels on the 3-Day chart:

This set-up has triggered immediate bull runs each of the past 7 times it has occurred with an average climb of around 152% which would put BTC right at about 20k where all time highs are. There is no telling what will occur or how long a bull-run will last but it does seem likely some form of a reversal is in place with this formation as it has proven to have been a reversal 7 straight times and leading BTC into a bull market from a bear trend.
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.