Oversold BTCUSDT

BINANCE:BTCUSDT   Bitcoin / TetherUS
The current price is digging deep into the Bollinger Bands and last time it did that it signaled a wave upwards, and this time its far outside its Keltner Channels . The lowest it can go is 7000 which would be the outer range of the Bands, but this mornings algo dip struggled to find sellers to take it down as far as it aimed which was 7500, hence bouncing back up, which signals that the Bears are running out of steam and that it is now oversold. What do you think?
Thanks for idea. Your argument seems to have technical merit and I do hope you are correct. Fundamentally I think BTC biggest problem was the transaction cost blow out experienced at high levels and I think this will limit its upside from here. I do wish that the more established altcoins that don't have these scaling issues would decouple from the performance of BTC and appreciate on their own merits independent of the movements of BTC. Perhaps one day. Best of luck to all crypto holders.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out