Bitcoin / Dollar intraday: the RSI is oversold

Bitcoin / Dollar intraday: the RSI is oversold
4114 is our pivot point.

Most likely scenario: the downside prevails as long as 4114 is resistance.

Alternative scenario: above 4114, look for 4281 and 4380.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 4178 and 4218). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (3976).

signals

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