BTC – simple RSI theory

BTC – simple RSI theory

Bitcoin / Dollar BITFINEX:BTCUSD

Hello guys!

As you can see in my post we have the average RSI (14) displayed.

If you take a closer look you can see that the last time we have seen a critical oversold region was 2015 and now in 2019 for the first time in 2 years again!

I think sometimes the most simple indications can have a big impact on the overall view.

For me this looks definetly bullish and Im confident that we found some kind of a bottom.

I marked the position where we would be now if the past returns on the charts.