![RSI.jpg](https://files.steempeak.com/file/steempeak/jacuzzi/pIBsbcsi-RSI.jpg)

I am a big fan of crypto. Been on the game for a minute now. Every now that I stumble across a website something else that helps change the fundamental way I play. 

At first it was using the three commas automated trading bot ( link at end of article). This helped accelerate my trading game in **HUGE ** ways. 

The next site I stumbled across, and the one I think will help accelerate your game is this one : https://rsihunter.com

# What it is :

RSI hunter... to quote them from the webpage "RSI Hunter is currently tracking 269 assets listed on Bittrex, 201 assets listed on Binance, 12 assets listed on Bitmex, and 206 assets listed on Kucoin."

So basically looks for coins that have stood out on the RSI chart, either below or above or trading kind of neutral. 

# What is RSI, and why do I care? 
Relative Strength Index or RSI for short, In some ways is an indicator of momentum. It measures the magnitude of the recent changes in price, so that one could evaluate conditions that might be oversold or undergone in the price of the asset. 

For example, if the condition is very much overbought:
![OverBought.png](https://files.steempeak.com/file/steempeak/jacuzzi/Kqs3hA3j-OverBought.png)
A condition like this there's a high chance that the market will drop.
- If you're holding this particular coin might be a good time to sell.
- Then buyback on the dip.

For example if the market is oversold:
![oversold.png](https://files.steempeak.com/file/steempeak/jacuzzi/seaqEb2G-oversold.png)
A condition is an indicator that is a high probability the market will rise.
- It's a good time to buy into this coin.
- Then sell at a profit point you set. 

# Why is this website good ? 

https://rsihunter.com scans and finds the coins that are overbought or oversold, With this you now know which coins you should invest in for short-term or long-term potential return. 

## My personal day trading strategy is a trade on a five minute timetable. 

- When I find a coin that is oversold, I look at the RSI, and the SRSI (Stochastic Relative Strength Index)... SRSI is just a more finely tuned version of the RSI... Generally speaking. 
- I look backwards and at the 15 minute timetable and 30 minute timetable, I try to see if it looks like an upward momentum might be happening soon. 
- It looks like a good investment I buy in expecting to cash out in 5 to 30 minutes. 

## Warning! 
Just because there are signals that there might be a shift happening it doesn't mean that will happen. There is a high chance that the trend that can continue downward or upward. Reading the RSI chart is just one way to help increase your chances of profitable trades. It is not guaranteed to be successful. 

I hope this helps you in your daytrading game a little bit. 

Should have a questions please post them below. 

Likewise if you're looking for a way to really accelerate your game I recommend using the three commas trading bot.  It's free for accounts that underneath $750 and they offer a free seven day trial. My first day using it I made a net income of +$30 in trades. It's awesome.

<a href="https://3commas.io/?c=steit" target="_blank"><img src="https://cdn.steemitimages.com/DQmTZSFfPZXyrau3jG9KtuM9pdmER16DxoS8ZgHxZGeRCbm/banner-03_2x.jpg" /></a>

# Disclaimer

The information presented is for educational purposes only and is not to be considered investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don't invest more than what you can afford to lose. I make no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in information or any sites linked to or from this document for future material.

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