[Coin World] The three-day RSI of BTC has dropped below 10. Looking through historical records, the last time such an extreme value appeared was during the bottoms of the bear markets in 2018 and 2022.
Interestingly, the long-short ratio has been behaving somewhat strangely recently — throughout November, while prices have been declining, this ratio has remained high, which is indeed a rare divergence. Technical indicators do show significant overselling, but the bulls might need to tread carefully; the current situation cannot be deemed stable.
As of the time of writing, the BTC price is 87,498.
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AlphaLeaker
· 10h ago
RSI breaks 10? This isn't a bottom signal, right? The long-short ratio diverging like this is kind of weird.
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Wait, longs are still at a high level? With prices dropping like this, how are they still so aggressive?
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It flipped like this in both 2018 and 2022. Will history really repeat itself?
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87498 at this price level doesn't seem stable; feels like there will be another round of volatility.
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Divergences like this are the easiest to trick people. I'm afraid this is a fake bottom.
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Long-short ratio stays high but price keeps dumping—who's the one catching the falling knife here?
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RSI has already broken below 10 and people are still saying to take it easy. The longs are really greedy.
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IronHeadMiner
· 12-02 15:10
The RSI has broken 10, it's really intense this time.
Is the Long-Short Ratio still holding strong? It feels like someone is putting on a show.
At this price of 87k, the signals at the bottom are quite strong, but I think I'll wait and see.
The last time it was this extreme, it was a bottoming rhythm; could this time be the same?
Long positions should take it slow and not get trapped; it's still not stable.
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ProxyCollector
· 12-02 15:08
The RSI breaking 10 this time really feels like back in 2018.
The Long-Short Ratio divergence actually makes people more anxious, feeling like the bottom isn't here yet.
Wait, could this time be different?
At the price of 87498, I really can't bring myself to make a move.
How can these long positions still dare to speak up?
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rugdoc.eth
· 12-02 15:08
RSI breaks 10? This guy is going to buy the dip again
The Long-Short Ratio is still high, this divergence really can't hold on
Are you still willing to catch a falling knife at 87500? I wouldn't dare
I got trapped during that wave in 2018, I've learned to be smart this time
Price falls but there are still long positions? This is not scientific
They say it's stable, but I see it's precarious
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CodeAuditQueen
· 12-02 15:07
An RSI breaking below 10 indicates an extreme value, essentially signaling liquidity exhaustion—similar to a reentrancy attack in smart contracts, where the system exhibits irrational behavior under extreme conditions. Maintaining a high Long-Short Ratio is even more dangerous; this is a typical combination of Attack Vectors, and we have to wait for the audit to be completed before taking action.
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HashRatePhilosopher
· 12-02 14:59
The RSI breaking 10 is truly amazing, but don't rush to buy the dip, this divergence feels a bit deceptive.
The Long-Short Ratio is still holding on, that's the most cowardly part.
Haven't seen the bottom? I'll bet five bucks waiting for it.
This wave really needs to wait for signals, I think 87k at this price level is precarious.
I also experienced it back in 2018, it feels different this time.
The long positions seem to be in a daze, even with the RSI like this, it remains at a high level, it's crazy.
The 3-day RSI of BTC has broken 10, creating an oversold level typical of a Bear Market, while the Long-Short Ratio shows a rare divergence.
[Coin World] The three-day RSI of BTC has dropped below 10. Looking through historical records, the last time such an extreme value appeared was during the bottoms of the bear markets in 2018 and 2022.
Interestingly, the long-short ratio has been behaving somewhat strangely recently — throughout November, while prices have been declining, this ratio has remained high, which is indeed a rare divergence. Technical indicators do show significant overselling, but the bulls might need to tread carefully; the current situation cannot be deemed stable.
As of the time of writing, the BTC price is 87,498.