{"id":31797,"date":"2022-10-12T15:08:11","date_gmt":"2022-10-12T15:08:11","guid":{"rendered":"http:\/\/egrowonline.com\/?p=31797"},"modified":"2022-10-12T15:08:11","modified_gmt":"2022-10-12T15:08:11","slug":"bitcoin-btc-remains-heavily-oversold-in-2022-indicator","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=31797","title":{"rendered":"Bitcoin (BTC) Remains Heavily Oversold in 2022: Indicator"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div><a target=\"_blank\" class=\"article__lead-img--wrapper\" href=\"https:\/\/u.today\/vladislav-sopov\" rel=\"noopener\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"224\" height=\"140\" alt=\"article image\" src=\"https:\/\/u.today\/sites\/default\/files\/2021-07\/8893.jpg\" class=\"author__item-user-avata\" \/><br \/>\n<\/a><\/p>\n<div class=\"article__lead-info\"><a target=\"_blank\" class=\"article__lead-name\" href=\"https:\/\/u.today\/vladislav-sopov\" rel=\"noopener\">Vladislav Sopov<\/a><\/p>\n<p>Here&#8217;s what Stochastic RSI (STOCH RSI), one of most reliable technical analysis indicators, tells us about BTC price prospects<\/p>\n<\/div>\n<\/div>\n<div>\n<div class=\"article__contents\">\n<p>Contents<\/p>\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h20\" rel=\"noopener\">Stochastic RSI: BTC remains oversold for entire 2022<\/a><\/li>\n<li class=\"article__contents-item\"><a target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h31\" rel=\"noopener\">&#8220;Fear and Greed&#8221;\u00a0index drops to 20 as BTC slips below $19,000<\/a><\/li>\n<\/ul>\n<\/div>\n<p>Stochastic Relative Strength Index (Stoch RSI), a major momentum indicator, says that Bitcoin (BTC) might be nowhere near its price bottom, should history repeat itself.<\/p>\n<h2 id=\"h20\">Stochastic RSI: BTC remains oversold for entire 2022<\/h2>\n<p>As of\u00a0mid-October\u00a02022,\u00a0Stochastic RSI for the Bitcoin (BTC) price remains in the &#8220;oversold&#8221;\u00a0zone.\u00a0Stoch RSI is sitting below 20\/100 for ten months in a row\u00a0\u2014\u00a0since January, 2022.<\/p>\n<figure><img decoding=\"async\" alt=\"Stoch RSI: BTC oversold in 2022\" data-entity-type=\"file\" data-entity-uuid=\"e7cc30e4-306c-4cf2-9239-61cb5585b0e2\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/24695_1.jpg\" \/><figcaption><em>Image via <a target=\"_blank\" rel=\"dofollow noopener\" href=\"https:\/\/www.tradingview.com\/chart\/BTCUSD\/zMf8Ayhh-BTC-USD\/\">TradingView<\/a><\/em><\/figcaption><\/figure>\n<p>The previous longest &#8220;oversold&#8221;\u00a0periods were April\u00a02014-September\u00a02015 and April\u00a02018-April\u00a02019. It means that bearish recession for the first cryptocurrency is very far from being over.<\/p>\n<p>However, periods of &#8220;oversold&#8221;\u00a0Stoch RSI unlock amazing buying opportunities for long-term investors.<\/p>\n<div class=\"something middle_banner\">\n<div class=\"something__content something__content-square\" style=\"width:336px;height:280px\">\n<a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=183269;size=336x280;setID=558953\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=183269;size=336x280;setID=558953;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"336\" height=\"280\" \/><\/a><\/p>\n<p>Ads<\/p>\n<\/div>\n<\/div>\n<p>Stochastic Relative Strength Index, or Stoch RSI, is calculated\u00a0by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values registered over this or that period.<\/p>\n<h2 id=\"h31\">&#8220;Fear and Greed&#8221;\u00a0index drops to 20 as BTC slips below $19,000<\/h2>\n<p>Just like &#8220;regular&#8221;\u00a0RSI, this indicator is used to check whether the market is controlled by bulls or bears. Stoch RSI above 80\/100 means that the asset is overbought; when the indicator plummets below 20\/100, traders say that it is oversold.<\/p>\n<p>Meanwhile, yesterday, Bitcoin (BTC) briefly dipped below $19,000 for the first time in a week. Following this drop, the Fear and Greed Index by Alternative also plunged to 20, which is the lowest level since mid-July.<\/p>\n<p>The indicator has not been able to leave the &#8220;Extreme Fear Zone&#8221;\u00a0for over two months in a row.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/u.today\/bitcoin-btc-remains-heavily-oversold-in-2022-indicator\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vladislav Sopov Here&#8217;s what Stochastic RSI (STOCH RSI), one of most reliable technical analysis indicators, tells us about BTC price prospects Contents Stochastic RSI: BTC remains oversold for entire 2022 &#8220;Fear and Greed&#8221;\u00a0index drops to 20 as BTC slips below $19,000 Stochastic Relative Strength Index (Stoch RSI), a major momentum indicator, says that Bitcoin (BTC) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":31798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,194,7027,1897,2965,738],"class_list":["post-31797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-heavily","tag-indicator","tag-oversold","tag-remains"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/24695.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31797"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31797\/revisions"}],"predecessor-version":[{"id":31799,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31797\/revisions\/31799"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/31798"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31797"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}