Bitcoin & RSI

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Topic: Bitcoin & RSI (Read 2055 times)

promojo (OP)

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Bitcoin & RSI

September 02, 2014, 05:46:25 PM

Could someone on here chime in and provide some insight how they used RSI in regards to BTC/crypto trading?

Any other tips or websites to help understand or techniques would be appreciated.

Cheers

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JerryCurlzzz

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Re: Bitcoin & RSI

September 02, 2014, 05:52:24 PM

Quote from: promojo on September 02, 2014, 05:46:25 PM

Could someone on here chime in and provide some insight how they used RSI in regards to BTC/crypto trading?

Any other tips or websites to help understand or techniques would be appreciated.

Cheers

Really, you would use it no differently than for any other market. Use it for overbought/oversold, trend identification and bullish/bearish divergences.

Stockcharts' chart school gives a decent rundown:
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi

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