Today's crypto routine: $AIOT 4-hour RSI 76.6, entering overbought territory, current price 0.1583.
RSI 76.6—my blood pressure has gone up too.
On a more serious note, the 14 in RSI means 14 candlesticks: on a 4-hour chart, that covers just over two days (56 hours); on a daily chart, it covers two weeks.
The same reading can mean very different things in different market conditions, so don't blindly apply a rule of thumb.
#AIOT
Make your own decisions when buying and selling; don't follow the crowd blindly.
RSI 76.6—my blood pressure has gone up too.
On a more serious note, the 14 in RSI means 14 candlesticks: on a 4-hour chart, that covers just over two days (56 hours); on a daily chart, it covers two weeks.
The same reading can mean very different things in different market conditions, so don't blindly apply a rule of thumb.
#AIOT
Make your own decisions when buying and selling; don't follow the crowd blindly.