$TRUTH 4-hour RSI is 79.5, entering overbought territory.
Let's use this data to talk about RSI.
Simply put, RSI measures the proportion of recent price movements that were gains out of all gains and losses: the more gains outweigh losses, the closer RSI gets to 100.
“Divergence” is a common way of interpreting RSI: when the price reaches a new high but RSI does not, it is often seen as a sign that upward momentum is weakening. However, divergence can also persist for a long time.
Rare readings often come with more volatile price swings. In such conditions, it’s better to reduce leverage rather than make a large bet.
#TRUTH
Let's use this data to talk about RSI.
Simply put, RSI measures the proportion of recent price movements that were gains out of all gains and losses: the more gains outweigh losses, the closer RSI gets to 100.
“Divergence” is a common way of interpreting RSI: when the price reaches a new high but RSI does not, it is often seen as a sign that upward momentum is weakening. However, divergence can also persist for a long time.
Rare readings often come with more volatile price swings. In such conditions, it’s better to reduce leverage rather than make a large bet.
#TRUTH