mattbru

Buy Sell indicators RSI & Stoch RSI - predict mrkt tops/bottoms

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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On the day candles chart only - use a combination of RSI and Stoch RSI to predict market tops and bottoms. Buy when the stoch RSI blue line crosses the orange. Sell when they both begin to dip below the highs. Do not place a buy if normal RSI level is above the 70% mark. On the Stoch RSI , if the two lines stay slammed against the top for a period of time, youd sell only at the end when price begins to dip again. Theres only one move on this chart that would get you in trouble from middle of Jan on, thats where the double arrow is. So what is the take-away? Be careful on bear markets, or only buy in with half your position? , dollar-cost-average on the way down... ?

Has anyone esle seen this pattern and if so, are there any other indicators youve seen that would help?
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