@horizonx
Saw some comments mentioning RSI divergence on the weekly timeframe, so here’s a quick recap of BTC’s weekly RSI divergences over the past few years.
Red arrows indicate bearish divergence, green arrows indicate bullish divergence. In this current bull run, we’re seeing a second bearish divergence on the weekly—momentum is clearly fading, that’s just a fact. If you want to trade a cycle reversal like this, you still need to wait for a key price signal, like a “Lower Low”.
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