Quote from: Oshosondy on Today at 06:17:43 PM

If using bollinga band and the lower line is reached with red candle stick, with relative strength index of 30%, that indicates oversold market already, someone can buy, but that does not mean when it hits 30% RSI, it can hit 40% RSI and the market can go up back, it can go below 30%, like going 20% before the market can start going on back, the more it goes below, the better time to buy. Also that is how is it for overbought market when the green candle stick hit the upper line of the band, it means overbought market, if the RSI is at around 70%, 80% or higher, it is better to sell at the time.

But use the money you can afford to lose because you can buy in oversold market and the price still go down further, you can also short (sell) in overbought market and the market price continue to increase, these happen especially during high volatile market. Trade with the amount you can afford to lose and use very low leverage, I prefer 1x margin ratio.

https://media.discordapp.net/attachments/975684664712908860/976193986383462460/unknown.png

here's an example, the red candle was on the lower bottom of the band, it then went up 12% shortly after. Is this something i can actually catch during the day, or is this just what it looks like after it already happened?