YugginVestor

BTC is preparing for next pump

Long
BITFINEX:BTCUSD   Bitcoin
If you look at the RSI at the moment for BTC you'll see since last July in 2017 we have never been this oversold. typically when things are oversold like this for this duration we see a small pump. Short term I think there may be a pump back up to green resistance but I do not think it will break through yet. My target area for the main pump to start is where the big arrow stands.

Disclaimer

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.