BTC/USD
Hi friends
In today's post, I want to give away a chart that has made me a lot of money dating back
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining bearish and bullish control as well as the transition zones.
Not the 3 day, daily, 4 hour, hourly or... god for bid, the 1 minute chart.
This is like a birds eye view of the market where we pick our spots to enter in to positions where our thesis is quickly invalidated.
First, let me explain the RSI . RSI stands for relative strength index and it is a momentum oscillator that is calculated with average price closings and given a ratio from 0 to 100.
Think of 50 as the pivot zone for bullish and bearish control of the market.
In Bitcoin's case, above 54 = Bullish and Below 44 = Bearish .
The key to understanding this chart is that it is truly about waiting for the proper set-ups and not rushing in and over trading.
I hope the markets have been treating you well and you've been crushing all of your trades.
In today's post, I want to give away a chart that has made me a lot of money dating back
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining bearish and bullish control as well as the transition zones.
Not the 3 day, daily, 4 hour, hourly or... god for bid, the 1 minute chart.
This is like a birds eye view of the market where we pick our spots to enter in to positions where our thesis is quickly invalidated.
First, let me explain the RSI . RSI stands for relative strength index and it is a momentum oscillator that is calculated with average price closings and given a ratio from 0 to 100.
Think of 50 as the pivot zone for bullish and bearish control of the market.
In Bitcoin's case, above 54 = Bullish and Below 44 = Bearish .
The key to understanding this chart is that it is truly about waiting for the proper set-ups and not rushing in and over trading.
I hope the markets have been treating you well and you've been crushing all of your trades.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.