$BTW Daily RSI is 75, in overbought territory, with the current price at 2.178.
Let’s break that number down.
RSI is calculated using closing prices only. It doesn’t include trading volume, and it won’t reflect intraday wick spikes either.
I generally treat RSI as a warning that the market may be overbought or oversold, and look at it alongside support and resistance levels and trading volume. I don’t make decisions based on it alone.
Don’t change your pace just because of one indicator—much less use borrowed money to test what a reading means.
#BTW
Let’s break that number down.
RSI is calculated using closing prices only. It doesn’t include trading volume, and it won’t reflect intraday wick spikes either.
I generally treat RSI as a warning that the market may be overbought or oversold, and look at it alongside support and resistance levels and trading volume. I don’t make decisions based on it alone.
Don’t change your pace just because of one indicator—much less use borrowed money to test what a reading means.
#BTW