Long

BTC 2/27 2PM Convergence/Divergence - Faster Indicator Than RSI

Updated

BTC 2/27/18 2PM -
Convergence & Divergence Indicators

RSI vs RC & BB

Regression Channels 2 & 3 Standard Deviations
Bollinger Bands 1 & 2 Standard Deviations
VS RSI

Looking for a faster way than the RSI convergence & divergence indicators? Take a look. More details to follow.

Note

We are looking at the 1 day chart of BTC. These are regression channels, a means of measuring the range and trend for a chart.

Typically traders will use the 2 standard deviations measurement - this gives them the trend and then within 2 standard deviations what values are still considered to be within that trend channel. We have also added a 3 standard deviations which will be even more inclusive.

Bottom line: What are we seeing?
We use this method to see if something is still within our current trend or if we have a reversal. BTC is at the cusp and at the edge, are we seeing a potential switch to the uptrend (from a previous downtrend)?

Kingkongtrading

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