Classic buy set up. This is update on ideas attached below.
Bitcoin first decline in to weekly green support and at the same time oversold on daily- hitting bottom bolinger.
Resistance red band on daily- will be broken in three possible ways:
First It will break right away and will become support- buy more on retest
Second it will reject price back to the bottom bolinger but not as deep- buy more on retest of bottom bolinger
Third it will rejects price more deeply to the bottom bolinger - buy more on that retest.
In overall any asset that oversold on daily and in same time in support on weekly and monthly- creating super buy opportunities.