From Investopedia:
"The RSI compares bullish and bearish price momentum and displays the results in an oscillator that can be placed beneath a price chart. Like most technical indicators, its signals are most reliable when they conform to the long-term trend."
Traditionally, the Overbought condition limit for the RSI is 70 while the Oversold Condition is 30.
Those two limits have been used since more than 40 years ago in order to place SELL/BUY orders.
However, the previous BITCOIN cycles has shown us that the limits on this "ASSET" are not the traditional ones on the Monthly Chart:
OVERBOUGHT condition: 96
OVERSOLD condition: 45
If you are a long term HODLER those conditions make a lot of sense in my opinion, and I think they will be confirmed in the present BULL cycle. Time will tell...
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
