$BTW Daily RSI is 75, in overbought territory, with the current price at 2.2888.
Everyone, what exactly does RSI measure? Here’s a quick explanation👇
RSI (Relative Strength Index) was developed by Welles Wilder. It’s calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
RSI is generally more useful in ranging markets, but in a one-way market it can give reversal signals too early.
Leave enough room in your futures positions, and don’t let one sharp move wipe you out.
#BTW
Everyone, what exactly does RSI measure? Here’s a quick explanation👇
RSI (Relative Strength Index) was developed by Welles Wilder. It’s calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
RSI is generally more useful in ranging markets, but in a one-way market it can give reversal signals too early.
Leave enough room in your futures positions, and don’t let one sharp move wipe you out.
#BTW