this idea published for educational purpose and also recording the test result of the new FlashCrashCathcer script.
RSI PIVOT (RSIP) HOW IT WORKS? This script draws a line when rsi cross over or under the oversold and overbought line. Supprisingly these pivots sometimes good indicator for positive and negative divergence or continuation. For example: + if the price goes above the previos rsi overbought area (red line), it means positive sign and price will contiue to climb...
CAN DIVE A BIT THEN SUPPORT MUST WORK TO GO UP
can touch the support and goes to 200 ema then down again
BTC Divergence For entering long wait to close above 8500
Maybe but crash finder says it is almost oversold area. Then it may returns from the lower of upper trend line.
It can go 200 ema- I think mid point between around 35-40