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RE: Crypto Academy Season 3 | Intermediate Course: Spotting Market Reversals With CCI
Professor I bit confused for, when the trend line in oscillator breaks the shaded area so that would be a overbought or oversold position? Or just hit the shaded area high or low?
And one more thing how can we as a beginner can evaluate the overbought maximum point of any asset or minimum point as you said different crypto assets having different points of high lows(100%+ or 100%-) my means is that how can new individual can interpret this thing or experience can evaluate us or any trick or strategy is required for this??
The overbought and oversold territory is constant for all crypto assets
When CCI breaks the +100% line, that asset is said to be overbought. On the contrary, when CCI breaks the -100% line, that is the oversold territory. It doesn't matter the type of crypto asset. This interpretation stands for all assets.
Buy and sell signals varies across crypto assets
CCI signal is simply saying that there will be a market reversal very soon. Sell signal can occur when CCI touches or breaks the +100% line. Whereas when CCI touches or breaks the -100% line that is a buy signal.
Ok professor