You are Using the RSI Indicator WRONG! (RSI Trading Strategy Secrets REVEALED)

Many new traders use the Relative Strength Index (RSI) to determine overbought or oversold levels. This is wrong as RSI is a momentum indicator. In fact, using it on its own as a trading strategy is not going to help you maximize your profits. This video will help you understand exactly how to use the RSI indicator effectively.

00:00 How you are using RSI incorrectly
00:40 What is the Relative Strength Index (RSI)
01:18 Biggest Mistake When Using RSI
02:59 What is Regular (Classic) Divergence
05:25 Strategy to Trade Classic (Regular) Divergence
09:09 What is Hidden Divergence on the RSI
13:49 Tip #1 - Change the Source for More Accurate Readings
14:59 Tip #2 - How To Remove the Overbought and Oversold Settings
16:19 Divergence Tool on TradingView to Help Spot Divergences

#technicalanalysis #rsiindicator #rsirtradingstrategy #cryptotradingstrategies #daytrading #forextrading #bybit

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[EvanQuiel]

I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how

[adamjolly]

Dude, I watched the market for hours yesterday just to confirm this whole video and i was mind blown by how simple it was..

[victoriaclair]

HELLO 👋👋 I'M NEW TO CRYPTO CURRENCY TRADING AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

[King_jacky]

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[Precious]

The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;

[patriciacarlos]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[Stanley]

Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

[Tiffanymartins_]

It's has been so difficult for me trading on my own because i have had much losses.Think the real market is manipulated, please can anyone help me out or tell me what I'm doing wrong.

[MIchaelGuzman]

I came here to get an idea of how to trade utilizing A.I trading bots after hearing a guy on a podcast talk about the importance of A.I bots in trading and how he made $360, 000 in 6 months from $50, 000. This video has helped to clarify a few things for me, but I'm still puzzled, I'm a rookie, and I'm open to suggestions.

[anfieldm]

This is quite possibly the clearest and best explanation of Classic RSI Divergence and Hidden RSI Divergence I have seen. Thank you so much!

[silkroad]

Every time the RSI in your example peaked, price action went back down. Which happens almost all the time. I'm still gonna use it the way you said not to. It's just as reliable as any other strategy

[JohnHealy]

Great Video man, one question, is this method valid for smaller caps where there may be less hedge funds, banks, big finance companies, etc? I am not doing well, all my trades slaps me in the face.

[Fabiobuccella_]

Hello what’s the best way to get started with bitcoin investment cos I’ve been making my personal research for a while now?

[SerenGordon]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multimillionaire. I wish anyone who reads, be a person in successful in

[TimTurnerNEPA]

This might be the best lesson on how to actually use the RSI that I've seen all year.

[nicolaspoli]

Don't stop learning new things on this channel... Just the best place for every guy who wants to be a trader

[RyanContreras]

For salary earners having a passive source of income is the best thing you could have, because aside the the fact that it isn’t always enough you could lose your job any day at any time, have something to fall back to is crucial, for me it is trading the Forex and Crypto market and no I didn’t have that much knowledge to begin to earn that’s why I said passive income, I leave the profit making to the pro like my Advisor ' *Nolan Velden Brent* who has been doing a wonderful job.

[marthajames]

I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto and forex investment with $4, 345 and since following you for few weeks now, I’ve gotten $18, 539 in my portfolio. Thanks so much Mrs Katherine Flores

[rlgdtrk]

This is the best video ever watched on RSI. Divergence made simple so grateful

[mentarisaputra]

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?