BTC bull and bear trends based on RSI on a daily chart.
The red vertical lines show the bull and bear market boundaries based on RSI. The green trend line follows the long-term trend of BTC and the orange one the current trend on a daily chart. The purple lines mark major support-resistance levels on my chart.
Although the RSI on my chart is already showing the market oversold, it still does not indicate a bull trend reversal.
Although the RSI on my chart is already showing the market oversold, it still does not indicate a bull trend reversal.