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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.