Is anyone else seeing a potential double bottom forming around the 68500-69000 level on BTCUSD? The RSI is oversold, but I'm a bit hesitant to jump in without more confirmation. What indicators are you all watching to confirm a reversal?
Update: I'm noticing the volume is still pretty low even with the price bouncing off that 68500 area. I'm wondering if this is just a dead cat bounce before another leg down. The 20 SMA is way up at 70648, so there's a lot of resistance to get through. I might wait to see if it can break above the Bollinger Band middle line around 69400 before considering a long position. Anyone else seeing the same thing?
