How to Find Very Oversold Assets
BTC, SOL, CRO are among assets that got VERY oversold yesterday.
When RSI (Relative Strength Index) dips below 30, an asset is considered oversold, due for a bounce up.
And when RSI dips below 25! that’s considered VERY oversold.
These are rare moments that can lead to nice profits when timed correctly. We teach this strategy in Lesson 5 of our online Trading Course. (go watch it now)
And when this happens near a SUPPORT level, that’s even better!! That’s exactly what happened to BTC and several altcoins yesterday.
BTC rarely gets VERY oversold (RSI < 25).
But when it does, there’s almost always a solid bounce up in the following few days.
Yesterday, BTC got VERY oversold near 200-day Moving Average (SUPPORT). See chart:
This has typically lead to highly profitable swing trade entries for a bounce up. You can find such assets in the Crypto Screener with just a couple of clicks.
Here’s a link to live market scan results.
Pre-Set Market Filter: Very Oversold
Oversold Assets in Uptrend
We teach the Oversold in Uptrend and Oversold at Support” trading strategies in our new Crypto Trading Course, which covers 7 trading strategies and risk management to help you profit in any market.
You can also find such trade setups in our Technical Analysis section. These include price targets and stop loss levels.
Related Posts
-
Oversold coins in Uptrend
In today’s video, we review recent market action and demonstrate a custom screener to find oversold coins…
-
Oversold in Uptrend: A Powerful Trading Strategy
The CEO of altFINS has recently shared some compelling trade ideas in our VIP Telegram…
- Anticipating a Bounce from Oversold Levels
Anticipating a Bounce from Oversold Levels Crypto markets have been getting hammered. Uncertainty around Grayscale…
0 Comments
Leave a comment