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Bitcoin RSI ‘nearly perfectly’ copying end of 2022 bear market
In an X post on Monday, crypto trader Quantum Ascend revealed copycat moves playing out on Bitcoin’s stochastic relative strength index (RSI) indicator. Stochastic RSI, also known as “stoch RSI,” is a derivative of traditional RSI — a classic leading indicator that helps traders identify overbought and oversold conditions, as well as BTC price trend changes. Like its standard counterpart, stoch RSI flashes “oversold” price signals when it drops below 30/100 on its scale, with “overbought” entering when its value is above 70/100. Stoch RSI moves between those two zones much more quickly, but Quantum ... (full story)
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