Relative Strength Index (RSI): Identify Levels of Overbought and Oversold Market Conditions

The Relative Strength Index (RSI) is a platform based trading indicator that looks at both volume and price momentum when gauging the velocity of a financial instrument. Regardless of being oversold or overbought, any market condition can be analyzed using the Relative Strength Index. This is accomplished by calculating a financial instrument’s momentum of losses and gains during a predetermined period of time (typically 14 days).

Overbought Relative Strength Index Level

The Relative Strength Index level used most frequently on trading platforms to decide on an action based on an overbought reading is 70.

• If a Relative Strength Index reading of 70 or greater occurs, you may want to consider selling the financial instrument in the near future as trader interest might be too great to stay in the trade
• Additionally, if a Relative Strength Index reading of 70 or greater occurs, you may want to consider setting a sell stop order on your online trading platform to either leave a position or enter a short position Continue reading “Relative Strength Index (RSI): Identify Levels of Overbought and Oversold Market Conditions”

How to buy bitcoin with your PayPal account

PayPal is a worldwide payment system that many South Africans use to accept payment on their website, or simply to send money to friends and family. There are a lot of people who would like to know how to buy bitcoin with your PayPal account, so we have made this post to show you how to do this step by step. Please note that using PayPal to buy bitcoin will mean paying some extra fees, but depending on the local South Africa bitcoin exchange rate, you might still be able to buy at a good rate.

Using VirWoX to buy bitcoin using PayPal you are going to pay around 9% in fees, but this is still the cheapest, easiest, and fastest way to buy BTC with PayPal. It is possible that you may need to wait a few days after opening your VirWoX account before you can deposit money. After your first deposit, future deposits can be made instantly. Your initial buying limit is $88 per day or $261 per month, although these limits grow over time if you buy frequently. Continue reading “How to buy bitcoin with your PayPal account”

5 Best Bitcoin Wallets for iPhone in 2018

Bitcoin’s valuation continues to surge; Silicon Valley experts predict that this cryptocurrency would soon be the most valuable cyber asset. Bitcoins are stored in wallets, and if you are new to the world of cryptocurrencies, you’ve got to know that having one in your smartphone is a necessity. However, you need to be very careful as quite a few Bitcoin wallets are susceptible to hacking. In this article we won’t be talking about bitcoin hardware wallets for PC, but, which is more interesting, about the best bitcoin wallets for iPhone to look forward to in 2018.

1. Bread

Also known as Breadwallet (previously), this is unanimously the market leading mobile wallet preferred for iOS. It is a real standalone bitcoin client; in fact, the first iOS wallet to be so. It has no server that could be hacked or that could go down. Also, as it is directly connected to the Bitcoin network using SPV mode, it does not charge anything extra for transactions. This is an extremely lightweight app and thus sits easy on the phone. Continue reading “5 Best Bitcoin Wallets for iPhone in 2018”