I've noticed a pattern that has been very successful to me in past 5 years in crypto. I noticed that the last time we were oversold on the daily chart was when bitcoin was at around $4-5k and also kissing the 200 MA. Now we are getting back to those bullish zones again where Bitcoin is kissing the 200 MA and RSI is oversold, mind you BTC still above 40k.
I am not a financial advisor neither a professional TA guy. Everything I know I learnt it thru experience, losing money and YouTube =)
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.