bitcoin truth Why Crypto Indicators Suck? Imagine buying a new car, and... instead of looking out the window, you rely and drive primarily based on watching the camera display. Sometimes it delays, and sometimes it doesn't show the full environment. The same with crypto indicators. Take the favorite bitcoin indicator ever - RSI or Relative Strength Index. That indicator has lost more money to traders than anything else. Newbies Think If It Is Oversold It Has To Go Up And If It Is Overbought It Has To Go Down! The common rule of a thumb is 70-30 - to determine oversold or overbought levels. Some newbies think they are outsmarting the whales and the whole industry by waiting for the 85-15 levels, but let me illustrate for you why using crypto indicators is a mistake that makes you little and loses you lots. Relative Strength Index (RSI) In Crypto SUCKS! (And that is one of THE BEST crypto indicators out there!) So many newbs go full scale all-in long. This is what happens: And what newbies do? You got it! Update:
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