For all beginners who want to learn how to control the RSI tool.
At the beginning of time rules for trading were created, these rules were widely respected, almost conventionally by traders. The rules said that RSI below 30 points, the product became oversold and above 70 points it became overbought. Today this rule must still be observed, along with graphic divergence and price.
DIVERGING RSI - When price reaches new highs, the chart visually rises and the same tops are consecutively lower in RSI. Example: btc, $88,000 with RSI of 80 points, followed by a new high at $98,000 with an RSI of 79 points, a new high at $108,000 with an RSI of 68 points.
NOW the way I use RSI. Do this and don't lose your money.
BUY at 51 RSI points and SELL at 49 points.
Why? The short answer is market dominance, above 51 points the bulls dominate and below 49 points it is the bears' turn.
Don't hold on to your currencies when they fail to protect your capital. You can always buy the same coins again in larger quantities and at a better price.
Many say that those who forget their coins in their wallet make a greater profit. Logical question, why do whales shake the markets like this if they only earn more by accumulating? How is the capital paid in since we cannot eat PEPEs?
