Day 16/20

Learning About RSI

Today I spent some time understanding the RSI (Relative Strength Index) and how traders use it.

At first it looked complicated, but it’s actually quite simple.

RSI is an indicator that helps show whether a coin might be overbought or oversold.

• When RSI is above 70 → price may be overbought (possible pullback)

• When RSI is below 30 → price may be oversold (possible bounce)

While looking at charts like Bitcoin, I noticed how RSI can sometimes give early signs that a move is slowing down.

But I’m also learning not to rely on it alone, it works better when combined with things like trend and support/resistance.$BTC

BTC

75,754.02

+2.54%