mrmeeseeks

BTC Levels — Oversold RSI, Let's See

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Fib levels I'm watching in the coming days, especially tomorrow with the G20 conference on BTC .

Notes:
- Oversold daily RSI
- Volume increasing

Conclusion:
- I believe this market is ripe for a reversal. This is not a bull market, but I'm speculating that BTC's current technicals would facilitate a potential reversal given good news at the G20 summit. Fear is priced in at the moment — but a news conference can't be accurately priced into the market until after everyone gets the verdict.

Let's see how this plays out!!!
Mar 19
Trade active: Good preliminary statements from G20 seem to have excited the market — taking this as confirmation of my idea.
Mar 22
Trade active: Last time BTC touched off the .236 retracement (from ATH, level is ~ $9179), it retraced to $7900 and then continued to test $11,700. Monitoring if this pattern repeats itself.
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