Скачать или смотреть This Indicator Warned Us of a Selloff in Crypto Market!

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Yesterday, crypto markets sold off 5-10%.

What caused it? What's next? Could we have expected it?

In today's free video, we show how to use RSI indicator as a "canary in a coal mine", a warning signal.

RSI or Relative Strength Index compares average gains on UP days versus average gains on DOWN days. RSI ranges in 0-100 but when it gets above 70, it indicates overbought territory.

RSI for Bitcoin (BTC) and Ethereum (ETH) exceeded 70 level this week, which is OVERBOUGHT territory, meaning asset prices rose a bit too far too fast.

Plus, following some big gains last week after ETH's Shapella upgrade, asset prices were approaching some major resistance levels and traders decided to take some profits. This selling triggered liquidations of highly leveraged long positions across the altcoins, which is basically forced selling and that compounded the drawdown.

Using altFINS, you can get warned of such Overbought situations. This video demonstrates how to find coins that are overbought and how to create alerts for such situations.


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On altFINS you can easily find coins with UPTREND, STRONG MOMENTUM or BREAKOUT!

altFINS measures the latest trends, momentum and trading patterns across thousands of altcoins.

altFINS does the analysis for you and generates a short list of altcoins for your portfolio.

In our YouTube channel we share analysis and trading opportunities that we discovered on altFINS platform.

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