Imagine that u are oversold on the weekly for Bitcoin. How many times has this happened in history. Well this is the 3rd time and also a record. Previous 12 years we have seen Bitcoin oversold around 28 RSI and now we are at 26. Also good to see that every time Bitcoin is oversold, we also had the bottom in for Bitcoin and we rallied the next week and never seen...
History shows us when we reach a RSI around 88 on the 4D, that we can expect a decent correction.
Bitcoin is currently hovering around 7300 and is in danger for a drop. So if Bitcoin can't hold the 7330 (10SMA) with the close of 1 december. Then i will have a target around 6900.