Let's observe every time Bitcoin's 3 Day Chart hit oversold conditions. Based on this setup, if $BTC hasn't bottomed, it is sure close to doing so and had you bought everytime oversold conditions hit, you'd have eventually profited greatly, every time. You have another chance.
Two scenarios, $BTC momentum is actually diminishing in Bitcoin and cycle ends with no parabolic phase. The latter, Bitcoin is setting up extensively for what would now be, an unexpected parabolic phase with more healthy momentum than before. We are going with the latter 🚀.
RSI's are setting up just like they did before two of Bitcoin's most prominent runs this cycle and this visual showcases just that. This is the stage, of the setup, where markets bottom and run even higher ⚡️! The last run out of this type of structure was over 170% for Bitcoin and another bottom before a run looks to be in the works here, if it isn't already in.
RSI is configured just like before the two most famous Bitcoin rallies of this cycle, and this visual demonstrates just that. This is the stage when the markets hit the bottom and move even higher ⚡️! The last similar breakout was over 170% for Bitcoin, and another bottom before the rally seems to be forming here if it hasn't already started. Higher... $BTC