Are there any specific strategies or trading signals that can be derived from comparing RSI and Stoch RSI in the cryptocurrency market?

1 answers

• Mar 22, 2022 · 3 years ago
  Yes, at BYDFi, we have observed that comparing RSI and Stoch RSI can be a useful strategy for cryptocurrency traders. It can help identify potential entry and exit points in the market. When the RSI and Stoch RSI both indicate oversold conditions, it may be a good time to consider buying. On the other hand, when both indicators show overbought conditions, it may be a signal to sell or take profits. However, it's important to conduct thorough analysis and consider other factors before making trading decisions.
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