Post
Olivia Rose
RSI below 35 and a 63-day low closing in — the tape is oversold, but oversold is not a buy signal by itself. $BTC was higher two weeks after similar drops only 43% of the time. Support $72,727, resistance $75,000. Do you buy the RSI dip, or wait for structure? #BTC #Bitcoin #Crypto
SentimenTrader
October CPI came in hot at 0.4%, and Bitcoin fell below $74,000.
Its RSI just dropped below 35. After similar drops, Bitcoin was higher two weeks later only 43% of the time, with a negative median return.
It's also closing in on a 63 day low. That has a track record of its own.
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