BTC Bearish Divergence on Daily
Updated
3-period bearish divergence is discussed in Chapter 4 of Haydens Book, The Complete RSI. This is looking like a decent opportunity to short to 28k, the fast RSI 9 SMA. For additional confluence, the bearish trendline is looking strong as well, and the slope of the slow RSI 45 WMA is still negative.
I have made this oscillator available open-source and free to use in the true spirit of TradingView. Enjoy!
I have made this oscillator available open-source and free to use in the true spirit of TradingView. Enjoy!
Note
We hit $28,850 on the 1h chart before getting caught by a bullish trendline.
Made w/ ❤ by @BarefootJoey ✌💗📈
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