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Title: del Post by: myself on January 07, 2012, 05:56:16 AM del
Title: Re: RSI and the 70 rule Post by: notme on January 07, 2012, 06:16:46 AM http://en.wikipedia.org/wiki/Relative_Strength_Index Quote As you can see from the chart, the RSI ranges from 0 to 100. An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued. http://52.imagebam.com/download/fSqsaATPWCxz39JB82yZ0A/16843/168425123/%20Charts_1325915677505.pngin the last 5 days someone pay way to much for bitcoins, why ? Because a longer term indicator told them it was still a good price. Title: Re: RSI and the 70 rule Post by: Litt on January 07, 2012, 07:07:53 PM 2/10
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