The $BTW 4-hour RSI is 75.1, entering overbought territory. The current price is 1.9266.
Let's use this number to talk about RSI.
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, it’s exactly two weeks.
“Divergence” is a commonly discussed use of RSI: when the price makes a new high but RSI doesn’t, it’s often seen as a sign that upward momentum is weakening. However, divergence can persist for a long time.
Leave enough room in your futures positions, and don’t let one sudden price swing force you out of a trade.
Personal notes, not investment advice.
Let's use this number to talk about RSI.
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, it’s exactly two weeks.
“Divergence” is a commonly discussed use of RSI: when the price makes a new high but RSI doesn’t, it’s often seen as a sign that upward momentum is weakening. However, divergence can persist for a long time.
Leave enough room in your futures positions, and don’t let one sudden price swing force you out of a trade.
Personal notes, not investment advice.