RSI Trading On Bitcoin And Crypto

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Both Bitcoin and other cryptos are probably “draining” resources and capital from the more traditional asset classes like stocks, bonds, commodities, and gold. The crypto market is a completely new market that is quite different from the traditional equity markets. One reason for the difference is that crypto is new and lacks a long history, and the other is that crypto is an asset that doesn’t produce tangible values as ownership of equity does.

One of the most popular indicators in the stock market is the RSI indicator. We tested RSI. Can you employ this indicator profitably on Bitcoin?

The RSI indicator seems to work on Bitcoin and cryptos but not as a traditional mean reversion tool. RSI works best as a momentum indicator on cryptos.

If you want to continue reading please read our article called Does RSI work on Crypto or Bitcoin trading?