#RSI指标 #热门话题 #内容挖矿 $BTC $ETH $BNB
Pay attention to important indicators and snipe high-return opportunities
Reviewing the situation when Bitcoin's RSI exceeded 80, we can see that after the weekly level exceeded 80 three times in the past 10 days, there was a trend increase (+54%).
What is rsi indicator
RSI (Relative Strength Index) is a momentum oscillator that measures the speed and magnitude of asset price changes to help investors determine whether the market is overbought or oversold. RSI was proposed by technical analyst Welles Wilder in 1978 and has become one of the most commonly used indicators in technical analysis. RSI values range from 0 to 100 and are often used to identify potential reversal points in the market.
How to use rsi indicator
1. Measuring overbought and oversold: An RSI value above 70 is generally considered an overbought area, indicating that the market may be at risk of falling; an RSI value below 30 is considered an oversold area, indicating that the market may be about to rise.
2. Determine divergence: When the RSI indicator is inconsistent with the market price trend (that is, when the price reaches a new high but the RSI fails to reach a new high, or when the price reaches a new low but the RSI fails to reach a new low), it may indicate that a trend reversal is about to occur.
3. As a midline reference: RSI values fluctuating near the 50 line are also used to judge market trends. An RSI value above 50 is generally considered a sign of an uptrend, while an RSI value below 50 is considered a sign of a downtrend.
