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This Technical Indicator Suggests Bitcoin's Rally May Be Overbought
Tuesday, July 24, 2018 - 2:30pm | 360Read More...Bitcoin rallied another 6.2 percent on Tuesday, breaching the $8,000 level for the first time in two months. The cryptocurrency is now up 17.4 percent in the past week, but at least one technical indicator is suggesting the bitcoin rally may be overbought. What To Know According to CoinDesk,...
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Uses Of The RSI Indicator In Forex Trading
Thursday, February 4, 2010 - 5:41am | 368Read More...Introduced in 1978 by Welles Wilder in his book “New Concepts in Technical Trading Systems,” the Relative Strength Index (RSI) oscillator is a Momentum indicator that measures the relative difference between closing prices of the higher and lower range. Thus, RSI = 100 – [100 / (1 + RS)]; where RS...
