The crypto market soap opera has another update: $TRUTH 4-hour RSI is 79.5, in overbought territory, with the current price at 0.02292.
RSI is 79.5, and my heart rate has climbed right along with it.
Seriously, the 14 in RSI means 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, exactly two weeks.
Indicators can fail, but stop-losses must be in place: deciding in advance what to do if you're wrong matters more than how accurate your prediction is.
#TRUTH
RSI is 79.5, and my heart rate has climbed right along with it.
Seriously, the 14 in RSI means 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, exactly two weeks.
Indicators can fail, but stop-losses must be in place: deciding in advance what to do if you're wrong matters more than how accurate your prediction is.
#TRUTH