the Relative Strength Index

3-20-2018
Screen Shot 2018-03-20 at 10.04.48 PM.png

In this post, we're just observing Bitcoin RSI, an indicator, at 47.

20 = Oversold
80=Overbought

Formula:

RSI = 100 – [100 / ( 1 + (Average of Upward Price Change / Average of Downward Price Change ) ) ]

We are right in the middle of a short-term bull market right now as the RSI # is in the middle.

A likely return to $11,000?

The tool can be found on the 4th tab from the top; the symbol of one wave.

Screen Shot 2018-03-20 at 10.06.46 PM.png



@kevbot

This channel is meant to be my journal of thoughts on crypto, working, traveling, and food. Sourced with photos, videos, and blogs.


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