BTC - How to catch the bottom and avoid the knifes using RSI
The 4Hour chart shows RSI below 20, which is OVERSOLD. But before you invest, know that its not the actual bottom
Whenever the price crashes and RSI touches 20 (OVERSOLD), its not the bottom. I marked circles in orange and vertical lines to show corresponding price.
The actual bottom happens after RSI raises again and falls later towards the bottom (RSI=20-30) again (and again). These are marked in red circles
Note the bear flag (blue) and the length of the pole is at 5k
Be careful where you want to go Long. Feel free to ask questions
Whenever the price crashes and RSI touches 20 (OVERSOLD), its not the bottom. I marked circles in orange and vertical lines to show corresponding price.
The actual bottom happens after RSI raises again and falls later towards the bottom (RSI=20-30) again (and again). These are marked in red circles
Note the bear flag (blue) and the length of the pole is at 5k
Be careful where you want to go Long. Feel free to ask questions
Komentarz:
Its been 6 days, when do you think we hit the bottom (chart update with days)
