Quote from: Johnyz on May 21, 2022, 09:07:30 PM

Quote from: moviestar on May 17, 2022, 05:00:36 PM

im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

You have to use other indicators to know when it will happen, it may not be accurate but that could be a good signal. Try to use MAs, those are the basic indicators and yet it can really tell you when to buy and sell especially if the line crossed already. Try to analyze every indicators, the more you use them the more you can know the possible trend, don’t just settle for two indicators.

Bollinga Band and RSI indicators cannot be used alone to determine price reversal though those indicators signal overbought and oversold, however there are scenario when price reaches the extreme end of the band and reversed momentarily before continuation in the previous direction, to avoid losing such type of trade, a trader is expected to be versed in Price Action particularly in candlestick patterns such as pin bars, engulfing bars Bullish or bearish, hammers, dojis etc, majority of these patterns worked with Bollinger Band and RSI in determining a real reversal of the price.