BitcoinShort
Simple RSI analysis (Strong bearish divergence) Sell signal !!
Updated
During one of my bottom calls I was pointing to Mar-May as area to watch for Bearish divergence to come and there you go
How relative is the relative strenght index ? What is RSI ? If you do not know exactly then you´re at the right place !
I will reveal you the Mystery of sucesfull RSI divergence trading.
Once you will master it you will make way more profitable trades / investments if you use them on mid-long term ( 4h/D/W/M charts)
The RSI is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements.
Momentum is the rate of the rise or fall in price. The RSI computes momentum as the ratio of higher closes to lower closes
Simple RSI indicator is very stong technical indicator if you know how to read it.
The RSI provides signals that tell investors to buy when the security or currency is oversold and to sell when it is overbought
Wilder further believed that divergence between RSI and price action is a very strong indication that a market turning point is imminent. Bearish divergence occurs when price makes a new high but the RSI makes a lower high, thus failing to confirm.
Search for:
Bullish / Bearish divergence
&
Hidden bearish / bullish divergence to incease the Risk:Return(Reward) ratio
Feel free to ask in comments bellow and if you like my work hitting like would be appriciated
Cheers
Previous call - Bullish divergence ( Bottom )
** Not a trading advice but attempt to predict future price movement so trade only on your own risk **
** This is tutorial for trading bullish/bearish divergence to see more related ideas watch for links below **
How relative is the relative strenght index ? What is RSI ? If you do not know exactly then you´re at the right place !
I will reveal you the Mystery of sucesfull RSI divergence trading.
Once you will master it you will make way more profitable trades / investments if you use them on mid-long term ( 4h/D/W/M charts)
The RSI is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements.
Momentum is the rate of the rise or fall in price. The RSI computes momentum as the ratio of higher closes to lower closes
Simple RSI indicator is very stong technical indicator if you know how to read it.
The RSI provides signals that tell investors to buy when the security or currency is oversold and to sell when it is overbought
Wilder further believed that divergence between RSI and price action is a very strong indication that a market turning point is imminent. Bearish divergence occurs when price makes a new high but the RSI makes a lower high, thus failing to confirm.
Search for:
Bullish / Bearish divergence
&
Hidden bearish / bullish divergence to incease the Risk:Return(Reward) ratio
Feel free to ask in comments bellow and if you like my work hitting like would be appriciated
Cheers
Previous call - Bullish divergence ( Bottom )
** Not a trading advice but attempt to predict future price movement so trade only on your own risk **
** This is tutorial for trading bullish/bearish divergence to see more related ideas watch for links below **
Note
Nothing has really changed with this actuall run to 6140. Very strong resistance aboove us and still Bearish divergence in play at Daily. I think this will turn into spike candle then down we go Note
Nothing has changed yet 
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IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
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