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Bitcoin RSI Market Ranges
The RSI Market Ranges helps to indicate if Bitcoin is overbought, oversold or neutral according to historical price and RSI high and low correlations, it is simply a color coded RSI indicator.
This RSI indicator works best on a monthly time frame and should not be used on any timeframe under 1 week as any potential correlation between price and RSI at these lower time frames becomes erroneous.
The critical level to note is anything above the 94.99 level which usually triggered a notable price correction and consolidation period.
This RSI indicator works best on a monthly time frame and should not be used on any timeframe under 1 week as any potential correlation between price and RSI at these lower time frames becomes erroneous.
The critical level to note is anything above the 94.99 level which usually triggered a notable price correction and consolidation period.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.