Hans
Long

continuation

BITFINEX:BTCUSD   Bitcoin / Dollar
84 2 1
looking bullish short term but beware daily chart
snapshot
JeroenHouttuin
a year ago
StochRSI on the daily looks a lot more promising than the RSI...
Reply
Hans JeroenHouttuin
a year ago
"It is important to remember that StochRSI is an indicator of an indicator, which makes it the second derivative of price. This means it is two steps (formulas) removed from the price of the underlying security. Price has undergone two changes to become StochRSI. Converting prices to RSI is one change. Converting RSI to the Stochastic Oscillator is the second change. This is why the end product (StochRSI) looks much different than the original (price)."

Source: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:stochrsi

GODMODE FTW
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