Bitcoin Hindsight Analysis and Look Forward

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
RSI is powerful, if you only traded BTC -0.78% when RSI broke above or below 50 on the 1D then you would have had 4 proiftable long term trades over the past 7 months.

Each (#) marks a cross of the 50 RSI level - If it drops through 50RSI on the 1D this is a bearish signal. If it shoots up past the 50RSI level, this is a bullish signal.

Trading based on this simple rule would have had a 100% hit rate (assuming you can properly set Target / SL.


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