hardkor
Long

BTC/USD RSI Oversold Pattern

COINBASE:BTCUSD   Bitcoin / Dollar
BTC/USD continues to base along the mid to lower price points of its most recent trading range. Historically speaking BT/USD has shown that when it has traded on or below with an oversold reading on RSI it has given a good alert as to go long. Of course this range is a bit wider but entry in this area is great risk reward . Monitoring for compression of the moving average cross and tight daily action as we have been monitoring.
In each of these moments, the RSI was going hugely up.
Now we see classic bull trap imo, but I can be proven wrong, if we breakout.
Antworten
hardkor ja.piotr.bor
@ja.piotr.bor, it is definitely a possibility. trading is not about just buying and selling but managing your risk.
+1 Antworten
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