Latest data: $BTC | 4-hour RSI(14) 24.5 | Oversold
Definition: In classic usage, an RSI above 70 is considered overbought, while a drop below 30 is considered oversold; some people use 80 / 20 as more extreme thresholds.
How to read it: During a one-way rally, the RSI can stay above 70 for quite a while; during a one-way decline, it can likewise stay below 30 for a long time. Overbought or oversold conditions do not mean an immediate reversal.
All indicators describe past price movements, and the market can move in the opposite direction at any time.
Definition: In classic usage, an RSI above 70 is considered overbought, while a drop below 30 is considered oversold; some people use 80 / 20 as more extreme thresholds.
How to read it: During a one-way rally, the RSI can stay above 70 for quite a while; during a one-way decline, it can likewise stay below 30 for a long time. Overbought or oversold conditions do not mean an immediate reversal.
All indicators describe past price movements, and the market can move in the opposite direction at any time.
