While I’m a complete noob in the matter, I’m having some thoughts about RSI timeframes in which ones should be more corelated to the other, like in direct impact If I could say?
For example, looking at the time frame of RSI @ 5 min on any given coin, if its at over 80 on its indicator value it should be a sign that its “overbought” and a inminent price drop should occur when both lines touch and it should be confirmed when they cross, right? well my question is:
What if in that given moment as I described, the 15min timeframe has the RSI almost to cross lines but in the bottom or “oversold” area, should I skip that swing on the 5 min since the 15 min is about to cross? Should I always obey what the longer time frame indicates I guess?
I’d feel more confident if swinging in the 5 min, when both 15min and 30 min are still on the downtrend, but that is not always the case.
That’d be the same case if I swing with the 15 min, use the 30 min as the confirmation and so on?
Help is appreciated, bear with my noobness, thanks!