BTC/USD RSI Oversold Pattern

BTC/USD continues to base along the mid to lower price points of its most recent trading range. Historically speaking BT/USD has shown that when it has traded on or below with an oversold reading on RSI it has given a good alert as to go long. Of course this range is a bit wider but entry in this area is great risk reward. Monitoring for compression of the moving average cross and tight daily action as we have been monitoring.