RSI is good to see exhaustion, strength, and other signs.
HOWEVER
Like ANY indicator, it's just a HELP & should NEVER be the basis of a trade.
Here's a perfect example.......
Looked as if weakening but
BTC keeps going & slowly gets closer to 1st target we called some time ago.
RSI didn't break 50 & this is a HUGE win for #BTC bulls!
#Bitcoin buys still > sells, seen easier on 4Hr chart.
HOWEVER
Like ANY indicator, it's just a HELP & should NEVER be the basis of a trade.
Here's a perfect example.......
Looked as if weakening but
BTC keeps going & slowly gets closer to 1st target we called some time ago.RSI didn't break 50 & this is a HUGE win for #BTC bulls!
#Bitcoin buys still > sells, seen easier on 4Hr chart.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.