Term of the day: Relative Strength Index.
RSI measures how one sided recent price moves have been.
It compares the size of recent gains against recent losses on a nought to one hundred scale. High readings say buyers have dominated the recent window, low readings say sellers have.
RSI is not a timer. In a strong trend it can stay stretched for days, so it describes conditions rather than calling turns.
Right now: BTC at 77,576 (+1.35%), 58 of 60 liquid pairs green, AVA leading at +48.1%.
#Write2Earn #CryptoBeginners #TradingTips #RiskManagement
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
RSI measures how one sided recent price moves have been.
It compares the size of recent gains against recent losses on a nought to one hundred scale. High readings say buyers have dominated the recent window, low readings say sellers have.
RSI is not a timer. In a strong trend it can stay stretched for days, so it describes conditions rather than calling turns.
Right now: BTC at 77,576 (+1.35%), 58 of 60 liquid pairs green, AVA leading at +48.1%.
#Write2Earn #CryptoBeginners #TradingTips #RiskManagement
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
