OITHE

BTC & RSI strategy. 11 out of 11 low risk big profit trades.

COINBASE:BTCUSD   Bitcoin
https://www.tradingview.com/chart/2rdDzX5u/#

Here is BTC and RSI weekly. Classic.

What we see:
- RSI 53 divides bear and bull markets
- RSI 51-55 trend reversal zone
- RSI can stay in overbought for months when trend is up
- RSI has never been in overbought zone
- after sharp rise above 80, 5 out 6 cases went down to 53 reversal zone

What we shall do if there are no other indicators nor tools
- buy rising RSI from 57
- sell dropping RSI from 80
- wait for a correction

In 3 years this simple strategy will give us 11 profits out 11 trades !




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