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How to use the RSI indicator to trade cryptocurrency with Technical Analysis vs. Game Theory

What Is Relative Strength Index (RSI)?

RSI stands for Relative Strength Index and it is a momentum indicator that measures the strength of the price changes over a specified period of time (look-back period). These price changes coupled with its strength evaluate its overbought and oversold conditions. This is its strength relative to its price, hence the name “Relative Strength Index”.

RSI is a very versatile indicator and should be in every trader’s toolbox, especially when trading cryptocurrencies.

How is RSI calculated?

The calculation for RSI is a two-part equation, and for your viewing pleasure here is the formula:

The first part of the equation obtains the initial Relative Strength (RS) value, which is the ratio of the average ‘Up’ closes to the average of ‘Down’ closes over ‘X’ periods represented in the following…


EvolV FAQ

What is EvolV?

EvolV is a new ERC-20 token from the WolfpackBOT team. Expanding beyond that, EvolV is an ERC-20 token and smart contract equipped with a built-in decentralized exchange, which handles the buying and selling of the token. The EvolV Ecosystem includes built-in referral dividends and volume based staking dividends for all token holders, along with use cases that give the EvolV token true utility.

The EvolV Ecosystem is built around the concept of volume backed basic income, paid in Ethereum to all EvolV holders.

It’s a complex system, but it’s all managed by an immutable smart contract.

Every time EvolV is purchased, you receive an Ethereum dividend. …

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The world’s most advanced cryptocurrency trading BOT. Read our white paper at wolfpackbot.com.

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