- price reaching an historical low
- RSI : strongly oversold, on the weekly and daily timeframes
- macd getting to the end of a red cycle, on the weekly timeframe
- divergence between price and indicators (MACD & RSI), visible on the daily timeframe
I think the price could easily bounce to weekly EMA20, i.e. 1600-ish sats.
My entry point is 890 sats and my stop-loss is 863 sats, i.e. 3 percents.
- RSI : strongly oversold, on the weekly and daily timeframes
- macd getting to the end of a red cycle, on the weekly timeframe
- divergence between price and indicators (MACD & RSI), visible on the daily timeframe
I think the price could easily bounce to weekly EMA20, i.e. 1600-ish sats.
My entry point is 890 sats and my stop-loss is 863 sats, i.e. 3 percents.