$GTC 4-hour RSI is 75.4, entering the overbought zone.
Let's break this number down.
“Overbought” means prices have risen quickly and substantially recently. It doesn't mean too many people are buying, nor does it mean prices will drop immediately.
Several indicators confirming one another is more reliable than looking at just one, but even multiple signals can't provide a definite conclusion.
#GTC
Let's break this number down.
“Overbought” means prices have risen quickly and substantially recently. It doesn't mean too many people are buying, nor does it mean prices will drop immediately.
Several indicators confirming one another is more reliable than looking at just one, but even multiple signals can't provide a definite conclusion.
#GTC