BitcoinLong
Is there a correlation between RSI & the completeness of waves?
While BTC is going sideways, I am trying to see if there is a correlation between the movement of the RSI between oversold and overbought (& vice versa) and the completeness of waves.
It appears that a wave is complete when the 30min RSI moves from overbought to oversold or vice versa.
Why is this relevant? Because the 30min RSI hit the bottom and is already over half way, if this is a wave 3 going up, it isn't even halfway up yet. That may indicate that we aren't on a wave 3 up, but are actually continuing a subwave C going down. We'll see soon whether this is correct or not.
It appears that a wave is complete when the 30min RSI moves from overbought to oversold or vice versa.
Why is this relevant? Because the 30min RSI hit the bottom and is already over half way, if this is a wave 3 going up, it isn't even halfway up yet. That may indicate that we aren't on a wave 3 up, but are actually continuing a subwave C going down. We'll see soon whether this is correct or not.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.