Which RSI settings are commonly used by professional crypto day traders?

3 answers

• Nov 28, 2021 · 3 years ago
  Professional crypto day traders often use the default RSI settings of 14 periods for the time period. This is a widely accepted standard and provides a good balance between responsiveness and accuracy. As for the overbought and oversold levels, the commonly used values are 70 and 30 respectively. These levels indicate potential reversal points in the market and help traders identify when an asset is overbought or oversold. However, it's important to note that RSI settings can vary among traders based on their individual strategies and preferences.
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• Nov 28, 2021 · 3 years ago
  When it comes to RSI settings, professional crypto day traders tend to stick with the default values of 14 periods for the time period. This is because these settings have been extensively tested and are widely recognized as effective. As for the overbought and oversold levels, the commonly used thresholds are 70 and 30 respectively. These levels serve as indicators of potential market reversals and help traders make informed decisions. However, it's worth mentioning that some traders may adjust these settings based on their specific trading strategies and risk tolerance.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the default RSI settings of 14 periods for the time period. This is a widely accepted standard among professional day traders in the crypto space. The overbought and oversold levels commonly used by traders are 70 and 30 respectively. These levels help identify potential market reversals and can be used as entry or exit signals. However, it's important to note that RSI settings can vary among traders, and it's always a good idea to backtest different settings to find what works best for your trading strategy.
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