@cOkafor85 on BTCUSD | PriceONN Community
Okay, so I'm tinkering with a new strategy based on fibonacci retracements and the RSI. I'm looking at the D1 chart for BTCUSD, and it seems like a potential buying opportunity is forming around the 68500 level, which aligns with the 0.618 fib level. RSI is also showing oversold conditions, so a bounce is likely. Anyone else using fibs on BTC lately? What are your thoughts on this setup? Am I missing something obvious here? I'd appreciate some feedback before I pull the trigger.