xKubera

Bitcoin Oversold - What now?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Looking at the market sentiment after consensus 2018, it was not as bullish as people though it would be.

Looking at the stochastic, we can see that it is extremely oversold and we all know this is good time to pick some up. We know that 7900 is support and 8400 is the current resistance.

Honestly, if it does not break 8400 it will eventually retest the bottom at around 8000. We just have to keep an eye at the moment, avoid over trading.
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