- the more positive the RSI. The first period is where the RSI indicator is showing the bitcoin price to be overbought as it is generally above the 70 mark. Bitcoin macd Tutorial: /EQz8SWXcHLI, bitcoin Moving Averages Tutorial: /IIssOfYBRp0. Brought to you by: The Rational Investor: sign up for TRI's School For Bitcoin Trader Development. (Moderator: Cyrus ) Author, topic: Bitcoin RSI (Read 1983 times). What is the RSI? Professional Tools For Cryptocurrency Traders. How does the RSI Work?
As the RSI index moves between oversold to overbought, or vice versa it can be seen as indicating a trend but in general at 50 it is considered to have no trend. Coinigy: m, bitcoin Trading Platform. The Relative Strength Index comes in handy when identifying areas that are potentially overbought or oversold. The second period is showing the Bitcoin price to be oversold as the indicator is breaching oversold territory and is therefore indicating a buy signal. The Relative Strength Index is a technical trading indicator and is classified as a momentum indicator. Example Chart and Analysis, if you look at the, bitcoin price chart above you can see the 14 day RSI and two periods over the full 3 month time period that the chart shows.
In this guide we will show you how to use it to analyse price movements in the Crypto Currency markets. The RSI is measured on a scale of 0-100 with overbought assets between 70-100 and oversold assets between 0-30. The RSI is based on a 14 day time limit usually although this can be altered.