Instead ... look for div'shttps://www.babypips.com/learn/forex/divergence-cheat-sheet …
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#101TA$CRYPTO Indicator settings and Time frames. Know what you're looking atpic.twitter.com/KbnaMr4xCj
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Ideally RSI should be used on sideway movements and not on trending market. Shouldn't it ?
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its a "momentum" indicator
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It's an indicator not a certainty. When the RSI goes from above to below 70 this 'may' indicate a change to bearish so use other signs/trends/tools to work out the probability . If it worked blindly every time we'd all be billionaires.
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RSI "overbought" is bullshit. RSI above 70 means strongest possible uptrend mathematically. Only trader habit often means opposite happens.
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I spent some time trying to find a timeframe for which overbought/sold indicators worked. Couldn’t find one. Think about it and it’s obvious, these are lagging indicators based purely on recent prices so can never be predictive
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thought everyone known that RSI doesn't work when we're constantly hitting ATH
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No indicator works consistently. I'm learning a combination of understanding Price Action, TA but most importantly Risk Management for trades is best. Cant recommend highly enough the long thread from
@Pepillionaire
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