What are the best RSI settings for scalping in the cryptocurrency market?

3 answers

• LamprosZAug 11, 2024 · a year ago
  As an expert in the cryptocurrency market, I recommend using a 14-period RSI for scalping. For overbought levels, you can set it at 70 and for oversold levels, you can set it at 30. These settings are commonly used and provide a good balance between sensitivity and reliability in identifying potential scalping opportunities.
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• pardha saradhiAug 17, 2023 · 2 years ago
  When it comes to RSI settings for scalping in the cryptocurrency market, there is no one-size-fits-all answer. It depends on the specific cryptocurrency you are trading and the market conditions. It's important to experiment with different RSI periods and overbought/oversold levels to find what works best for you. Remember to consider the volatility and liquidity of the cryptocurrency you are trading as well.
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• Mukta KhatunFeb 12, 2023 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, suggests using a 10-period RSI for scalping in the cryptocurrency market. The overbought level can be set at 80 and the oversold level at 20. These settings provide a more sensitive RSI indicator, which can help identify short-term price reversals for scalping purposes. However, it's important to note that the optimal RSI settings may vary depending on the specific cryptocurrency and market conditions.
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