BTC looks oversold and ripe for scoop-up!
In the case of the BTC/USDT and BTC/USD pairs, the Relative Strength Index (standard 14, on Daily time-frame) seems to have been a faithful indicator, looking back, with subsequent surges of 20% to 130%.
Thus, it seems like BTC is ready for a new rally!
Thus, it seems like BTC is ready for a new rally!
Note
So yeah, looks like RSI works well on BTC, especially since there is no doubt it's traded heavily with robots.So, +40% since my upside prediction, huh?
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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.