🤔Is RSI effective with crypto or $BTC ?

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- I have backtested RSI and traded on both funds (previously top 5 funded next month’s competition) and crypto for over six months and realized:

+ According to many books or guaranteed strategies from legendary investors, divergence has a very high probability of occurring (70%+) if you backtest thoroughly with volume, price, and the difference in bottom value of RSI (itself is just an intrinsic value: increase/(increase + decrease).100 with the average increase and decrease in the last 14 sessions.

* Remember to only apply this for a 4h+ timeframe in crypto for it to be effective; otherwise, for shorter timeframes, you should determine the trend according to the 4h or 1D and then use RSI in the 15min or 30min timeframe to enter orders.

+ Determine the trend and contest at the RSI level of 50; usually, from the bottom back up, then 20-40 is already an uptrend and will pause to gain strength around the RSI = 50 point. (At this point, you should cut back 30-50% and place a limit order for optimal results.)

* Still determine the trend in the 4h or 1D timeframe depending on the market phase (the larger the volume, the more you should determine in the D timeframe because the triple time difference of 15min and 1h is no longer relative but heavily skewed; it's easier for you to enable MA20 for volume and use it at level 1 with 1.68-2.9, level 2 with 3+, and level 3 with 6+.

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Wishing everyone success in applying RSI and finding ways to make the price run after the indicator ^^

#LearnFromMistakes #BTCvsMarkets #StopLossStrategies #DiversifyYourAssets