TFW there are people here right now not buying the 4h oversold BTC which is at 1 year low

Do you hate money that much _

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Zoom in

Bitcoin still up 200% from same time last year.

look at my RSI line maybe

Thanks, but I'll rather buy around $7 tomorrow.

Bitcoin needs to test $200 before breaking 20k again.

Yes, it's oversold.
But who gives a fuck, it's a whales game.
As long as we keep going above the feb 6th low, it's ok for me.

> muh rsi line
Let me know how that works out

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RSI doesn't matter in a full-blown panic sale / capitulation moment. This can easily dump another $1000 without bouncing (might see a few hours of sideways movement), which means no guarantee we see the price we're at current ever again once we fall below it.

you are right, there is no guarantee ever but the odds are in our favor here

>still having fiat

Look at the daily charts, with MACD. We still have a few more days of downtrend and this patients will pay off.

RSI tells you it's oversold. Not that it's a good time to buy. It could sit at sub 20 for a week loosing value before reverting.

yes

Exactly. The buy signal isn't as soon as it enters into oversold, it is when it exists oversold

Look at the daily and tell me that RSI isn't going to go for a full collapse

if I were you OP, if there is going to be a bounce, it will probably be on divergence, the price will go lower and the RSI will start moving up again. Thats when you want to enter, not now, its just stupid.

>Still not over sold on the daily
>far more sell walls than buys
>zero interest in market buys. no absorbtion

kek. why the fuck would I buy back in now,
next uptrend support is sub 7k even that could be pretty fucking meh

with the added bullshit from banks and credit card suppliers making it more difficult to buy crypto. New money isn't coming in the way it used to, they're cornering the market right now. Either tether up or just hold btc til this shit storm is over.

>le meme logarithmic graph
just sad

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MACD is a very laggy indicator