Looking at BTC daily & multi-week indicators, the price is still trading at Historically Extreme Oversold Levels.
Every time the RSI and momentum oscillators historically flushed to such oversold levels, smart money whales trapped panic retail shorts and built a massive long-term accumulation wave.
Even with a short-term chop, the downside risk is limited and the upside Risk-to-Reward ratio is very high in the market.
#BTC $BTC
Every time the RSI and momentum oscillators historically flushed to such oversold levels, smart money whales trapped panic retail shorts and built a massive long-term accumulation wave.
Even with a short-term chop, the downside risk is limited and the upside Risk-to-Reward ratio is very high in the market.
#BTC $BTC
