toknormal
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November 25, 2018, 01:30:55 PM


RSI hitting 30 is quite bullish actually.

I always thought there was more of a selloff to come since we've never plumbed the oversold zone on the 1-week chart since way back in 2015. Getting that out of the way might make it safer for traders to contemplate a trend reversal since in bitcoin it tends to only visit that region rarely and once (or max twice) per cycle.


who said it wasn't bullish?  i think you will struggle to find a single person that thinks 1 week rsi below 30 is bearish.

I'm not struggling.