$BTW Daily RSI is 75, in overbought territory.
Let's break this number down.
The 14 in RSI means 14 candlesticks: on a 4-hour chart, that corresponds to a little over two days (56 hours), while on a daily chart, it’s two weeks.
Calculate position size based on the stop-loss distance—it’s much more reliable than picking a position size by guesswork.
#BTW
Let's break this number down.
The 14 in RSI means 14 candlesticks: on a 4-hour chart, that corresponds to a little over two days (56 hours), while on a daily chart, it’s two weeks.
Calculate position size based on the stop-loss distance—it’s much more reliable than picking a position size by guesswork.
#BTW