bitlab AcademyThe problem with “buy below 30”
RSI under 30 means price has fallen hard. It does not mean the fall is over. In our RSI lesson, buying Bitcoin every time daily RSI dropped below 30 was a losing trade 4 times out of 5.
The idea: wait for the second bottom
This setup treats RSI as a filter, not a trigger. An oversold reading only starts the watch. The entry comes later, after price has stretched outside the Bollinger Band, bounced, dipped again and held inside the band the second time. Engulfing candles confirm each turn. It takes four steps, and the indicator marks each one on your chart so you don't have to check them by hand every hour.
We tested it before sharing it
On Bitcoin's 1-hour chart over the last two years the rules produced 236 setups. 52 reached a target three times the size of the stop. That is 22%, under the 25% needed to break even, and worse after fees. On the 4-hour chart it did better: 36 of 126. The full table, by timeframe and with fees, is in the guide. We'd rather show you that than three hand-picked winners.
What you get
- The 4 steps for longs and shorts, with stop and target rules.
- The backtest table: 15-minute, 1-hour and 4-hour charts, before and after fees.
- The indicator code for TradingView (the free plan works), with phone alerts.
Get the indicator code and the step-by-step guide
Free. Sign in with Google and the full guide opens right here: the step-by-step rules, the backtest table and the TradingView code to copy. We only store your Google ID and profile name, never your email.
Loading…
Sign in with GooglePractice what you learned
Test this setup on live Bitcoin prices with $10,000 in virtual money. Free, no deposit. Sign in with Google to join the monthly ranking.
Open the simulator →