RSI Bitcoin Indicator Chart Patterns and Bitcoin Trend Lines

Traders can draw bitcoin trend lines on the RSI in the same way as you can draw bitcoin trend lines on the btcusd price charts. RSI bitcoin trend lines are drawn the same way bitcoin trend lines are drawn on the crypto chart; by joining consecutive highs of the RSI cryptocurrency indicator or consecutive lows on the RSI bitcoin trading Indicator.

RSI Bitcoin Trend Lines and Bitcoin Trend lines on Bitcoin Charts

RSI Bitcoin Chart Patterns in Bitcoin Trading

RSI Chart patterns such as head and shoulders cryptocurrency chart patterns or triangle cryptocurrency chart patterns that are not evident on the btcusd price chart are often formed on this RSI cryptocurrency indicator.

RSI cryptocurrency indicator also often forms cryptocurrency chart patterns such as head and shoulders or triangles cryptocurrency chart patterns that may or may not be visible on the btcusd price chart. As shown on the cryptocurrency chart below the Reverse Head and Shoulders reversal formation is clearly shown on this bitcoin trading RSI indicator.

Bitcoin Chart Patterns on RSI Cryptocurrency Chart Indicator

Support and Resistance Levels Trading using RSI Crypto Indicator

Sometimes cryptocurrency chart levels of support and resistance levels are demonstrated better on the RSI indicator than on the btcusd price chart.

In an upward cryptocurrency market trend the support levels should not be broken at any one time, if they are broken then btcusd price will also break the support levels and the upward bitcoin trend is going to reverse.

In a downward bitcoin trend the resistance levels should not be broken, if they are broken then btcusd price will also break the resistance levels, and the downward bitcoin trend is going to reverse.

Support and Resistance Levels on RSI Crypto Indicator

In the cryptocurrency trading example above when the third resistance level was broken the downward bitcoin trend reversed to an upward bitcoin trend and when the sixth support was broken the upward cryptocurrency trading market trend reversed and broke the upward bitcoin trend line.