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RE: Using Indicators with Technical Analysis Series #01 - RSI
To use RSI alone in any market is a very dangerous thing. I have lost alot of money in the past with only using RSI. Although I would say RSI is the better of the lot I focus mainly on "Price Action" and order book when trading Cryptos. In my opinion RSI is only used as an extra confirmation layer in a strategy, but I am sure you will cover more in the series. Sorry, just wanted to give my view. Nice post.
Yes, it's hard to make any decision off of just one indicator. You use the indicators to take an educated guess as to what is coming next. Knowing the order book is just as important, I agree with you.