RSI (Relative Strength Index) is a commonly used technical indicator in trading that helps identify overbought and oversold conditions in the market. It measures the strength and speed of price movements and provides traders with valuable insights into potential trend reversals. When analyzing RSI, three types of divergences can be observed: regular, hidden, and...
BINANCE:BTCUSDT
In this post, I'll make an attempt to share everything I've learned over the Relative Strength Index (RSI) Over the past 24 months.
Nothing described in this post is financial advice, it's just me, sharing thoughts and ideas with you.
nb: this post is more suited for traders and investors that are already educated about the RSI...
How do we exploit? So must We have to find resistance became support (condition break trend line before) and we see rsi that support, Draw it line noticed how price respected 😉😉👌 merge it white your analysis.
Good morning, traders. I have been looking for something new to point out since yesterday but haven't really found much. Price has been consolidating at the upper end of the move up from yesterday. The dark black horizontal channel gives you the local TR. A close above the top of that TR should provide the target shown which is the EQ of the upper supply zone at...
This is how u can tell if a market is oversold (or overbought) by reading price and using our little 14EMA friend
After price has a large push down (or up) like you can see in the yellow circles, it retraces up to the green circles
In example 1, this yellow circle was right on the close of a huge bearish 4h engulfing. Perfect example to see how it is oversold by...
Its likely for the #BTC and other coins to #down #trend or at least keep sideway for sometime. As a trend following trader, We should not be looking for the dip to buy as it wont be a low risk entry point, espcially when #volume could be a misleading parameter for lower timeframes.
Entry:
With some #technical #analysis grounds, proper #entry should be made...
General RSI Indicators applied to the ETCBTC D chart (where present). This helped me in taking in the lesson below from Crypto Cred.
I hope others find it useful.
Source Used: Thanks Crypto Cred!!
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