liw0

Past Scenarios with RSI 70 on 3H

BTCE:BTCUSD   Bitcoin / Dollar
134 3 0
What happen the last time the RSI went to 70 on the 3 hour timeframe?
No worries, it's good to tease this stuff out. I'm still experimenting with secondary indicators. Any specific reason you choose RSI ahead of Stochastic RSI?
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Thanks for sharing liw0. I wonder is that was true because we were downtrending? If we go back a further to an uptrend, the theory doesn't seem to hold true. So now that we are uptrending again...

Caveat: I am a beginner.

snapshot
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Perfect counter argument! I also missed that the bearish RSI divergence turned into a bullish divergence. That must have been the bear inside of me wanting to pick up some cheap coins ;)
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Thanks for pointing out my error!
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