https://www.tradingview.com/chart/2rdDzX5u/
Here is BTC and RSI weekly. Classic.
What we see:
- RSI 53 divides bear and bull markets
- RSI 51-55 trend reversal zone
- RSI can stay in overbought for months when trend is up
- RSI has never been in overbought zone
- after sharp rise above 80, 5 out 6 cases went down to 53 reversal zone
What we shall do if there are no other indicators nor tools
- buy rising RSI from 57
- sell dropping RSI from 80
- wait for a correction
In 3 years this simple strategy will give us 11 profits out 11 trades !
Here is BTC and RSI weekly. Classic.
What we see:
- RSI 53 divides bear and bull markets
- RSI 51-55 trend reversal zone
- RSI can stay in overbought for months when trend is up
- RSI has never been in overbought zone
- after sharp rise above 80, 5 out 6 cases went down to 53 reversal zone
What we shall do if there are no other indicators nor tools
- buy rising RSI from 57
- sell dropping RSI from 80
- wait for a correction
In 3 years this simple strategy will give us 11 profits out 11 trades !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.