oda.krell
Legendary
*
Offline Offline

Activity: 1470
Merit: 1007



View Profile Personal Message (Offline)

Ignore
February 13, 2014, 08:04:46 PM

technically, this is the most extremely oversold condition in the history of bitcoin.  i am starting to doubt my 618 target, since it is very questionable that such an oversold condition can persist long enough to achieve 618 organically.  the outcome distribution is increasingly bimodal.


Where do you get this idea from? Can we agree on StochRSI as a decent indicator to settle the question you raise? If so, there's a chance we haven't really started this bear market properly yet. Or are you talking about a much shorter time period? In that case, you might be right.