Understanding RSI on BTC
Hey,
If we look at the chart on 1 Day timeframe, it is clear that the price movement goes exactly as Stoch RSI moves.
Everytime RSI went below to 20 from 80, price dropped by an average of -30% and the down trend lasted almost 8.4 days on average.
My Prediction for the next 3-4 days:
Bitcoin Price will go towards
25K (-27% drop)
Thanks for looking at my analysis, will hopefully make more.
If we look at the chart on 1 Day timeframe, it is clear that the price movement goes exactly as Stoch RSI moves.
Everytime RSI went below to 20 from 80, price dropped by an average of -30% and the down trend lasted almost 8.4 days on average.
My Prediction for the next 3-4 days:
Bitcoin Price will go towards
25K (-27% drop) Thanks for looking at my analysis, will hopefully make more.
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