NIDONEKO

The Reliability the 50 RSI Crossover Strategy

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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3

The 50 RSI has not been pierced through. Notice how every piercing marked the establishment of a trend reversal. The day candles are currently being supported by the 20EMA (yellow), which has not happened since the current down trend began. The trend looks to be weakening. However, the bulls seem to be facing resistance, with people in the cryptosphere calling lower lows.

*I have only started casually trading crypto a few months.

Comments

It didn't pierce on the daily … are you speaking of intra-day?
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NIDONEKO AfilthyHOBO
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NIDONEKO AfilthyHOBO
@AfilthyHOBO, oh no! not intraday.. daily chart
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The 50 RSI is still acting as resistance.
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With the recent pump, the 50 RSI was punctured. I'll sleep on it, and see how I feel about going long in the morning.
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