BTC daily, bearish divergence

2021年4月8日

BTC has been doing well but it might be time for a pullback. On the daily chart you notice we have some nasty bearish divergence when comparing the price move with the RSI. This divergence has been going on for a while so we could see a downswing soon. The MACD is also headed back to 0 with the histogram pulling red, even with the current green daily candle. MACD has also been headed downhill for a few weeks while the price action has opposed that. BTC dominance is also down. Be careful trading. As we know, RSI divergence is extremely powerful and is usually always correct.