Bitcoin Is Oversold: Bounce Now, or the $65,000 Line by December?

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Question of the day: Bitcoin is oversold, so does it bounce? The first oversold read has rarely been the low: every one dipped further first.
Inside: the 200-day close tonight, my put spread and where I take profit, November’s low window, then gold, the S&P and the Nasdaq.

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#Bitcoin #BTC #Crypto #CryptoTrading

CHAPTERS
0:00 Question of the Day: Bitcoin’s RSI Is Under 30. Does It Bounce?
0:31 The First Daily RSI Under 30 in 155 Days
1:09 Since 2018: Higher a Month Later 2 of 10
1:34 Day 60 to 90: When the Odds Turned
2:11 Day 14 to 30: Where the Downside Usually Came
2:32 The 200-Day Close: Every Case Dipped First
3:10 11% Under the 200-Day: About $65,000
3:57 My Position: the $72,500 / $65,000 Put Spread
5:23 Max Loss, Break-Even, and Where I Take Profit
5:49 The November Clock: the Low Came Day 17 to 25
6:22 From the October Low: About $68,100
6:43 The Monthly 55 EMA and the September 15 Low
7:09 Gold: a Weekly Silver Cross Down, Bearish Under $4,100
7:53 The S&P 500: Bullish Again Only Above 7,750
8:40 My Biggest Cash Position Since 2022
8:55 The Nasdaq: a Lower Low Than July
9:10 The Nasdaq Line: 30,178
9:44 Why I’m Defensive Into Q4
10:07 The Daily Hundred · Day 82: $1,000 on Coinbase
11:09 What I’m Watching Tonight: $73,080 and RSI 30

DISCLOSURES
General market commentary and education, published to the public on a regular schedule and not tailored to anyone. Nothing here is a recommendation that you buy, sell, hold or size any security, commodity, contract or digital asset. I am not a registered investment adviser, broker-dealer or commodity trading advisor, and I am not registered with the SEC, any state securities regulator, the CFTC or the NFA. Viewer charts discussed on stream are discussed as charts of the asset, not as advice about anyone’s position; Super Chats and memberships support the channel and a place in the queue, they do not buy advice. I may hold positions in assets discussed and may trade them at any time without notice; where I know I hold something, I say so. Trading and investing carry substantial risk of loss, including loss of all capital; options, futures, perpetuals, leveraged products and event contracts can lose more than the amount invested. Statistics, backtests, paper trades and model outputs are hypothetical, have inherent limitations and do not predict future results. Results and testimonials, where mentioned, are individual experiences and are not typical. Some links are affiliate or referral links; I may earn a commission or credit if you use them, at no extra cost to you. Nothing here is an offer or solicitation where unlawful; do not use any platform that is not available to residents of your region. Consult a licensed professional about your own situation before acting.