Crypto Trading Course, Excerpt Lesson 5: RSI (Oversold at Support, Overbought at Resistance)



Published
Crypto Trading Course, Excerpt Lesson 5: RSI (Oversold at Support, Overbought at Resistance)

This trading strategy looks for coins that are very oversold (RSI), approaching Support and with potential momentum (MACD) inflection.

And vice versa for very coins that are very overbought, approaching resistance and momentum inflection.

TA concepts covered: MACD Histogram inflection, RSI (Overbought, Oversold), Support / Resistance.

Practical implementation:
- Scan for coins that are oversold (RSI), approaching Support and with potential momentum (MACD) inflection.
- Creating Alerts for Very Oversold / Overbought coins using RSI.
- Using Signals Summary page.

Trading rules:
- Buy when RSI dips under 25 and MACD Histogram inflects bullish or price near support.
- Sell near the next Resistance or when MACD Histogram inflects bearish.

altFINS Cryptocurrency Trading Course consists of series of 10 webinars over 5-week period that teach our users how to take full advantage of the platform’s capabilities.

You can read about Crypto Trading Course: https://altfins.com/cryptocurrency-trading-course/ and https://altfins.com/altfins-trading-education/

We have a Special offer for you: Education + Premium bundle: https://platform.altfins.com/subscriptions

Become a real crypto trader with altFINS!
Category
Cryptocurrencies
Be the first to comment