What Is the RSI Indicator?
The Relative Strength Index (RSI) is a TA (Technical Analysis) indicator developed in the late 1970s as a tool that traders could use to examine how a stock is performing over a certain period. It is, basically, a momentum oscillator that measures the magnitude of price movements as well as the speed (velocity) of these movements. The RSI can be a very helpful tool depending on the trader profile and their trading setup.
What Are Behavioral Biases and How Can We Avoid Them?
Behavioural biases are irrational beliefs that can influence our crypto trading decisions without our knowing. Common behaviors that can influence decisions include overconfidence, buying or selling at the wrong time to avoid regret, limited attention span, and trend-chasing. Traders and investors should be aware of such biases and avoid them to lower the risk of making illogical decisions.
