Cryptocurrency Q&A
What is the 70 30 trading strategy?
What is the 70 30 trading strategy?
mia_anderson_painter
Tue Dec 24 2024
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5 answers
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I've heard about a trading strategy called 70 30 but I'm not sure what it entails. Could someone explain to me what the 70 30 trading strategy is and how it works?
5 answers
GeishaWhisper
Thu Dec 26 2024
The strategy encompasses four distinct phases.
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Nicola
Thu Dec 26 2024
When the RSI enters overbought territory, it indicates potential market highs. This occurs when the RSI value surpasses 70, suggesting that the market might be reaching unsustainable levels of buying pressure.
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Andrea
Thu Dec 26 2024
Conversely, when the RSI falls into oversold territory, it signals potential market lows. This happens when the RSI dips below 30, indicating that the market might be experiencing excessive selling pressure.
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SolitudeSerenade
Wed Dec 25 2024
An important aspect of this strategy is when the RSI moves back within its normal range. This signifies a potential reversal in market trends.
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CryptoAce
Wed Dec 25 2024
Specifically, if the RSI crosses back below 70 after being in overbought territory, it may indicate that the upward momentum is waning and a correction could be imminent. Similarly, if the RSI rises above 30 after being in oversold territory, it may suggest that the downward pressure is easing and a rebound could be on the horizon.
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