Buying when the RSI is oversold has generally been a good idea on Bitcoin

in #bitcoin2 years ago

If you bought Bitcoin only when the RSI was oversold, you generally did very well

The RSI on bitcoin isn't oversold currently, but it was on that plunge to $26k the other day.

My guess is we see another plunge over the coming days that will again push the RSI to oversold levels.

Buying bitcoin when the RSI is oversold has generally paid off very well:

image.png

(Source: https://twitter.com/rovercrc/status/1529145702718353413/photo/1)

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