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About Me



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  1. This is the first tutorial I am creating here in the forum. And I hope people will eventually learn from this. I don't really claim to be an expert in trading but I have quite a good experience somehow I believe I can make money if I continue to trade so. Anyway so this is how to use the Relative Strength Index (RSI) in the charts you are using. This is a chart in tradingview which I use to look at the market. Lets just focus for now in the RSI below this chart which in the rightside is where you can see numbers 20,40,60 and 80. Actually, this is 0-100. and you can see there are two broken lines(----) which is in the 70 and 30. The two broken lines indicate overbought and oversold, I'm sure you guys already understand what overbough and oversold as it is what it is. I circled RED to the ones where the market hits the overbought level and oversold level to which if the market is in such condition, something must be decided. So when the RSI chart touches the 70 level, it means that BTC is now overbought and it may drop anytime soon. and This goes as well to the level 30 which indicates that BTC is oversold and traders might just starts to buy back the BTC they dumped. By the way this is for the starters only but its already a good fighting chance for you to learn and start experimenting in trading. Would love to hear something you can share upon suing the RSI or what ever indicators you use along with it. Update: Using Fibonacci in Trading
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