What are the best RSI settings for identifying overbought and oversold conditions in BTC?
So Hao Ha Mỹ TrânMay 02, 2022 · 3 years ago1 answers
I'm interested in using the RSI indicator to identify overbought and oversold conditions in BTC. What are the best settings for the RSI indicator that can help me determine these conditions accurately?
1 answers
- May 02, 2022 · 3 years agoAt BYDFi, we recommend using a 14-period RSI setting to identify overbought and oversold conditions in BTC. This setting has been found to be effective in capturing short-term price movements and providing timely trading signals. However, it's important to note that RSI alone should not be the sole factor in making trading decisions. It should be used in conjunction with other technical indicators and analysis to confirm signals and reduce false positives. Remember to always do your own research and consider your risk tolerance before making any trading decisions.
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