RSI Divergence (Bearish): When the price goes high but the RSI goes lower
RSI Divergence (Bullish): When the price goes lower but the RSI goes higher
These can indicate a shift in momentum in the underlying market.
Using the RSI divergence is a great tool to help you find when the price is getting ready for a correction. Keep an eye on bearish RSI divergences on the Bitcoin chart to help you find when a correction will talk place. Conversely, an RSI bullish divergence will indicate potential buying positions.
We are using the Daily time frame to search for RSI divergence on Bitcoin for a major shift in momentum. These can be found on all time frames, the larger time frames the more dramatic the move will potentially be.
Trading View also has an indicator that will find these divergences automatically for your for assistance. "Divergence Indicator" in the built-in indicators.
RSI Divergence (Bullish): When the price goes lower but the RSI goes higher
These can indicate a shift in momentum in the underlying market.
Using the RSI divergence is a great tool to help you find when the price is getting ready for a correction. Keep an eye on bearish RSI divergences on the Bitcoin chart to help you find when a correction will talk place. Conversely, an RSI bullish divergence will indicate potential buying positions.
We are using the Daily time frame to search for RSI divergence on Bitcoin for a major shift in momentum. These can be found on all time frames, the larger time frames the more dramatic the move will potentially be.
Trading View also has an indicator that will find these divergences automatically for your for assistance. "Divergence Indicator" in the built-in indicators.