As you can see (marked in red) the last time BTC was that oversold in Aug 2015 we just made a parabolic move/v-shape out of that dip.
It highly seems that we are encountering that pattern again. RSI was just massively oversold back then on the daily. (As it was now) And this also applies for other cryptos such as EOS and BCH for example. In August 2015 we spiked roughly 150 % from bottom to the following peak in a matter of 77 days.
As you also can see we never left the RSI channel (on daily) in that matter before, besides in August 2015 and now.
lets see were this goes......
It highly seems that we are encountering that pattern again. RSI was just massively oversold back then on the daily. (As it was now) And this also applies for other cryptos such as EOS and BCH for example. In August 2015 we spiked roughly 150 % from bottom to the following peak in a matter of 77 days.
As you also can see we never left the RSI channel (on daily) in that matter before, besides in August 2015 and now.
lets see were this goes......
