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[aryan4]

Famous analyst Peter Brandt warns investors by making a statement that the Bull markets are entering and staying in the overbought territory. She predicts that the RSI may remain extremely high for much longer periods in the major bull markets.
Do you think the rise of the RSI could technically reverse the bitcoin rise?

 

[SCAMEXPOSER]

Famous analyst Peter Brandt warns investors by making a statement that the Bull markets are entering and staying in the overbought territory. She predicts that the RSI may remain extremely high for much longer periods in the major bull markets.
Do you think the rise of the RSI could technically reverse the bitcoin rise?

I am lost in this context, if I could recall the RSI should also be a Crypto currencies coin right ? If yes of what need should it be comparing it value to bitcoin. Please tell me more about RSI.

 

[aryan4]

This is not a coin. A technical analysis indicator that is used for trading in money markets. It is an important indicator and is used very often, including large investors.

 

[Niftyicon]

I do not really understand how the high RSI could interpret to mean caution for investors. What I would like to know is that how does the overbought status of bitcoin affect the price of the coin?

 

[SCAMEXPOSER]

This is not a coin. A technical analysis indicator that is used for trading in money markets. It is an important indicator and is used very often, including large investors.

I have read more about it , RSI means Relative Strength index, so I guess from her analysis the RSI is much higher probably around 70 which shows bitcoin has been overbought .

 

[aryan4]

Normally, the excessive rise of this indicator is perceived by analysts as a sell signal. But sometimes the uptrend can continue, as in the case of Bitcoin, although the indicator is extremely high.

 

[SCAMEXPOSER]

Normally, the excessive rise of this indicator is perceived by analysts as a sell signal. But sometimes the uptrend can continue, as in the case of Bitcoin, although the indicator is extremely high.

That's true but I guess the RSI indicator may not work in the case of bitcoin because there are more holders and increased number of buyers there by making the price to rise persistently.

 

[aryan4]

That's true but I guess the RSI indicator may not work in the case of bitcoin because there are more holders and increased number of buyers there by making the price to rise persistently.

I guess you are right about this. Whatever the indicator shows, there is no such thing as going to happen, but it is still considered important to give an idea.

 

[SCAMEXPOSER]

Yeah , it is but let watch the activities of bitcoin when it reaches $50,000 if there is going to be a fall or continuous rise in it price.

 

[aryan4]

Sometimes there may be no sales even if there are signs of sales in technical analysis indicators. The same goes for the opposite. Prices can be affected much more by current news, I think.

 

[Josemendez]

I have read more about it , RSI means Relative Strength index, so I guess from her analysis the RSI is much higher probably around 70 which shows bitcoin has been overbought .

And if it is overbought , how will this affect the price of Bitcoin negatively ? And what should people do now that this is the case

 

[SCAMEXPOSER]

And if it is overbought , how will this affect the price of Bitcoin negatively ? And what should people do now that this is the case

I have said it earlier that this RSI indicator may not work for Crypto currencies investments because the market is not regulated in terms of volume of coins

 

[Josemendez]

I have said it earlier that this RSI indicator may not work for Crypto currencies investments because the market is not regulated in terms of volume of coins

I thought as much , moreover with demand exceeding supply the price should not go on the decline trend but on the rising trend.

 

[Wisdom01]

currently the bull market doesn't even seem like happening , because based on my observation it's not just causing that Massive decrease there are even some amount of fears that the price would still move backward to about $10k , putting more fears in investors mind at the moment

 

[Ben Kempton]

currently the bull market doesn't even seem like happening , because based on my observation it's not just causing that Massive decrease there are even some amount of fears that the price would still move backward to about $10k , putting more fears in investors mind at the moment

I have been observing the RSI chart for some time. It seems like bitcoin's RSI readings are at the 69th point. It is touching the 70 RSI point till now and this suggest that Bitcoin is being bought a lot. I would not be surprised if the market conditions get reversed and if the price fluctuate a bit.

 

[Wisdom01]

I have been observing the RSI chart for some time. It seems like bitcoin's RSI readings are at the 69th point. It is touching the 70 RSI point till now and this suggest that Bitcoin is being bought a lot. I would not be surprised if the market conditions get reversed and if the price fluctuate a bit.

the demand is currently high , people prospect are seeing Bitcoin up to the range of $28k ,that's actually what's it's trending everytime , although there might be a little correction this month , probably if possible it would still get to $28k , despite the correction

 

[Ben Kempton]

the demand is currently high , people prospect are seeing Bitcoin up to the range of $28k ,that's actually what's it's trending everytime , although there might be a little correction this month , probably if possible it would still get to $28k , despite the correction

The price of Bitcoin has decreased once again. Many people were anticipating this downfall after the new policies were mapped out recently. Many people may see this as a great opportunity to buy more bitcoin, as the prices may surge at a bigger rate if dip buyers play a role.

 

[Wisdom01]

The price of Bitcoin has decreased once again. Many people were anticipating this downfall after the new policies were mapped out recently. Many people may see this as a great opportunity to buy more bitcoin, as the prices may surge at a bigger rate if dip buyers play a role.

my hope is that the government doesn't create any bad policies now , because any bad policies been created at this moment would really have a bad effect on the crypto currency prices ,instead better policies should be created ,that would actually cause more increase in the price of cryptocurrency

 

[AudraMiller]

Famous analyst Peter Brandt warns investors by making a statement that the Bull markets are entering and staying in the overbought territory. She predicts that the RSI may remain extremely high for much longer periods in the major bull markets.
Do you think the rise of the RSI could technically reverse the bitcoin rise?

The one thing that i never managed to understand is RSI...what does this acronym stand for and how does it apply to teh cryptocurrency world? Are you looking for a high number in this indicator in order to be successful or are you looking for something that is more in the moderate to low range for a benefitical turn?

 

[@dulce]

Famous analyst Peter Brandt warns investors by making a statement that the Bull markets are entering and staying in the overbought territory. She predicts that the RSI may remain extremely high for much longer periods in the major bull markets.

If an operator uses tools such as the RSI, he will be able to adapt his orders in the currency market or in any other market and anticipate possible changes in the price trend, since these trend changes are usually anticipated by the variations in the price momentum that identifies the RSI.
Do you think the rise of the RSI could technically reverse the bitcoin rise?