Fibs and the RSI

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello all and welcome once more. While BTC is doing it's thing I want to take some time out to draw your attention to something that you may or may not be aware of... RSI ( Relative Strength Index ). Now I'm sure most of you know how it works and what it means so i won't waste your precious time giving a run down on that. But did you know the RSI also respects Fib retracements? That's right! Why is this interesting? Because when determining the likely-hood of a movement in a particular direction, a simple trend line or channel won't always give us enough information. Sometimes it can lead us down the wrong path, while we scratch our heads yelling "WHY!!!". By plotting a fib or two over the RSI we can see levels of support or resistance we may not have noticed before, determine the strength a resistance or support has, catch any divergence early as it's easier to see and make better informed decisions overall. I hope you go out and give it a try, it is definitely helpful when you know how to use it! Happy trading :)
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