Bitcoin's Weekly MACD & RSI —Back To Basics (Part 1)We looked at Bitcoin on the weekly timeframe and mentioned the rare Michael Saylor 4 weeks green bullish signal. But what about the MACD and RSI? What are these indicators currently saying?
Let's dive deep into these two and see what we can find.
First, Bitcoin's weekly RSI.
1) Here we have first what is called a hidden bullish divergence. The RSI hit a lower low in March 2025 compared to September 2024, but Bitcoin is currently trading within a strong higher low (March/April 2025 vs September 2024). This is an interesting signal.
2) The same RSI support that was activated in September 2023 and September 2024 worked in March 2025. Once this level was activated—blue dotted line on the chart—the RSI started to move upward.
Each time this support is activated Bitcoin goes on a major bullish wave. In September 2023 Bitcoin started a major rise from 20 something toward 70K+. In September 2024 Bitcoin started a major advance from 60 something toward 110K.
3) A triple bottom. Another signal related to this same support level is a triple bottom. It was challenged three times and holds. In 2025, this support zone was pierced briefly and then the RSI started growing. This makes the reversal signal an even stronger one.
Bitcoin doubled in 2024 from this RSI support and more than triple in 2023. So this time around we can count on a double minimum but can be a triple or more. If it increases each time, first a double, then a triple and then a quadruple.
The next signal is Bitcoin's weekly RSI broken downtrend and bullish reading:
1) The downtrend has been broken on the RSI, pretty simple. Here depicted with blue lines. Needless to say, when the downtrend breaks the RSI moves up. A strong RSI is bullish for Bitcoin and this takes us to #2.
2) The RSI has a strong reading at 59. Bullish is above 50 and there is also a bullish cross, when the RSI moved above the RSI based MA (moving average).
The weekly RSI reveals Bitcoin's eternal bullish bias. Over time this indicator becomes overbought but never oversold. Interesting isn't it? It shows that market participants are ready to buy beyond what is reasonable but not willing to sell that much.
As it happened back in late September 2024, the RSI doesn't have to move straight up, there are ups and down within a rise, please keep that in mind. The RSI doesn't necessarily reflect what Bitcoin is doing or will do, it only supports a broader bias, trend or cycle, in this case the bullish case.
Next comes the MACD (Moving Average Convergence Divergence).
This is pretty interesting as well and the first signal is a higher low in April 2025 vs September 2024, a standard bullish signal:
Revealing Bitcoin's eternal bullish bias, the MACD starts to recover without reaching the bearish zone. The bearish zone is when the MACD moves below zero, here the recovery is happening above.
The fact that the bullish cross on the MACD, when the MACD line crosses upward the signal line, is not yet in means that this bullish cycle is still early.
When the MACD line (blue) starts to curve on the weekly timeframe after making a long-term low, as it is now, the market turns bullish and there is no going back.
I will go deeper on the MACD in part 2 of this publication.
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Relative Strength Index (RSI)
ALT COIN SEASON IS JUST WEEKS AWAY, HOPE YOU HAVE YOUR BAGS FULLHey Traders,
We’ve been watching this Bitcoin Dominance (BTC.D) chart closely — and it’s heating up again!
For those unfamiliar, BTC Dominance tracks the percentage of total crypto market cap that belongs to Bitcoin. When BTC.D rises, it typically means altcoins are underperforming compared to BTC — either due to their market caps falling, or BTC’s increasing. When it drops, altcoins are gaining ground.
While this chart won’t tell you whether markets go up or down, it’s critical for spotting where to diversify and when. It’s a must-have tool in your crypto trading utility belt.
⸻
Why This Chart Matters Now:
We’re nearing the top resistance trendline of a long-term triangle formation that dates all the way back to 2017. This line has rejected BTC.D multiple times in the past — and we’re back to test it again, hovering between 63% and 66% dominance.
Each of these rejections previously led to a drop in BTC Dominance — which triggered powerful altcoin seasons.
⸻
Key Bearish Signals:
• Bearish Divergence on the MACD
• MAJOR Bearish Divergence on the RSI
(Just like before previous alt seasons!)
• TOTAL2 (the white line representing all altcoins) looks poised to spike if history repeats.
Altseason Clue: When BTC.D forms bearish divergences on these indicators, it’s often followed by a surge in altcoin market cap — a key early signal we may be close to another one.
⸻
BUT… This Isn’t 2021 Anymore:
Let’s be real — the market has changed. Solana-based launchpads like Pump.fun and Jupiter DEX have revolutionized how easily tokens are created and traded. That’s new capital flow and speculative behavior we didn’t see last cycle.
Plus, the geopolitical landscape is shifting fast. With President Donald J. Trump calling for crypto regulation frameworks within 180 days, we may soon see an influx of institutional money — but it could come with strings attached.
⸻
Final Thoughts:
A breakdown in BTC.D could mean a major rotation into alts — but don’t bet the farm.
Markets could still dump. We may even skip altseason altogether this cycle.
However, this chart gives you a crucial edge — so use it wisely. Know your tools. Zoom out. Plan ahead.
As always — stay sharp, stay safe, and stay profitable out there.
— Savvy
Fall Down to $70 ApproachingWith the RSI above average since mid-April 2025, the trend has been steadily rising up to $82 per share even breaking the highs from late February and March.
Price projected onto both (A and B) Inside pitchforks is well above the median line. In the pitchfork A the price is even directly touching the upper parallel line.
Reversal near the highest achieved price this year on 21st February is probable
Based on these indications, we can expect a fall to around $70 somewhere in the middle of May.
Key details:
RSI over "overbought" level
Price in both Inside pitchforks near the upper parallel line
Longer uptrend = breakdown necessary
GBPJPY bearish move🔹 Pair / TF | GBP/JPY, 1 h → 15 m |
| 🔹 Bias | Bearish (selling the break of support) |
1. 📊 Key Levels
Level Price Role
R1 191.721 Major resistance (green)
Broken Support 190.65 (black line) Minor support → now resistance
R4 189.828 Next minor support
R2 189.355 Next major support
2. 🚨 Trigger
Price closes below the 190.65 support (black line) on 1 h, AND
200-hour MA (red) has just been rejected—sellers stepping in.
This decisive break flips 190.65 into new resistance.
3. ✅ Confirmation
RFI oscillator on 15 m dips below its rising trendline and fails to reclaim it.
Momentum is clearly bearish—no divergence or oversold reversal signal.
4. 🎯 Entry & Stops
| 🔶 Entry Zone | 0.19060–0.19050 (just below 190.65) | | 🔴 Stop-Loss | 0.19180 (above R1 at 191.72) ≈ 120 pips |
Place a Sell-Stop at 0.19055 (mid-zone).
Risk: 1–2% of account on ~120-pip SL.
5. 🎯 Profit Targets
Target Level Pips RRR
T1 R4 189.828 ~82 pips 1 : 0.7
T2 R2 189.355 ~125 pips 1 : 1
Scale out:
Exit ½ at T1.
Let the rest run to T2.
6. ⚙️ Trade Management
Move SL to breakeven once +40 pips in profit.
Monitor RFI on 15 m:
If RFI spikes above its trendline before T1, close remaining.
Adjust if you see large wicks or volume spikes into support zones.
7. 🔑 Rationale
Support→Resistance flip at 190.65 gives a logical entry & SL.
200-hour MA rejection confirms sellers overpowering buyers.
RFI confirms sustained bearish momentum.
High RRR (>1 : 1) ensures edge even with a moderate win-rate.
⚡ Highlight:
This is a bank-order-flow style fade—selling the break of minor support after a MA confluence test, riding momentum into larger support zones.
AUSSIE bearish move Short-setup: Breakdown of Support (AUD/USD)
Trigger: Price has decisively broken below R3 (0.63888) and the 200-hour MA (red) on the 1h chart.
Confirmation: RFI just dipped below its ascending trendline and failed to reclaim it—momentum is bearish.
Entry: Short at market 0.6385–0.6380 (just below R3).
Initial Stop: Above R1 (0.64395) ≈ 55 pips stop.
Targets:
T1: S1 (0.63436) (~40 pips → RRR ≈ 1 : 0.7)
T2: R4 (0.63308) (~55 pips → RRR ≈ 1 : 1)
⚡ Highlight: This is a bank-order-flow style fade—selling the break of minor support after a test of the 200-hour MA confluence.
🔑 Rationale
Support→Resistance flip at R3 gives logical entry & SL.
200-hour MA rejection confirms sellers overpowering buyers.
RFI confirms sustained bearish momentum.
High RRR (>1:1) ensures edge even with moderate win-rate.
Nifty 24170-24360 range breakout to provide an directional move.Trend: Moderately bullish.
Trigger point: 24,360 breakout.
Above 24,360: Strong bullish breakout into a fresh zone.
Below 24,170: Caution advised — bias would weaken.
Volatility: Dropping — favoring smoother, more controlled moves rather than choppy swings.
Momentum: Building but needs further confirmation from RSI 21-SMA reversal.
BTC Potential Breakout, Daily DivergenceBTC on the daily has the opportunity to expand way upwards over the next month - a divergence on the daily evidently takes longer to play out but RSI could easily reach 80 off the back of the structure.
I have been shorting, confidently, for a good few weeks now, with longs in between, but I'm starting to feel like I should flip long.
Solana is also trying to reclaim the daily/weekly range - things to think about for sure.
Good luck out there!
DXY Printing a Bullish Triangle??The DXY on the 1 Hr Chart is forming a potential continuation pattern, the Bullish Triangle!
Currently Price is testing the 99.6 - 99.8 Resistance Area and battling with the 200 EMA and 34 EMA Band. The reaction to this conjunction could be pivotal in who overcomes: Buyers or Sellers.
Now during the formation of the potential pattern, Price on the RSI has stayed relatively Above the 50 mark being Bullish Territory suggesting Buyers could win the Bull-Bear battle.
Until Price breaks either the Resistance Area or the Rising Support, we will not have a definitive direction in which USD will strengthen or weaken.
*Wait For The Break*
-If Price breaks the Resistance Area, USD will strength possibly heading to the 100.8 - 101 Area
-If Price breaks the Rising Support, USD will weaken possibly heading to the 98.5 - 98.3 Area
Fundamentally, it is said China and USA are possibly getting closer to potentially ending the Reciprocal Tariff War going on with both sides willing to negotiate.
With the USA being the #1 Consumer of Goods globally, other economies can not afford us to not buy their things so I continue to see the Tariff War more as a Strong-Arm for the USA to be able to negotiate better terms!
USD News:
JOLTS - Tuesday, Apr. 29th
GDP - Wednesday, Apr. 30th
Unemployment Claims / ISM Manu. PMI - Thursday, May 1st
Non-Farm Employment Change / Avg Hourly Earnings / Unemployment Rate - Friday, May 2nd
For all things Currency,
Keep it Current,
With Novi_Fibonacci
$BTC Bull Trap Clear As DayI’m probably the biggest 3-Year perma-bull on this app, and even I can tell this is most likely a bull trap.
This is either the beginning of the long awaited parabola, or else we’ll correct back down to at least the 200DMA in the next week, or the 50DMA within the next month.
Lack of volume on the move and RSI becoming overheated gives me feels for the latter
Remember, never trust a weekend pump 💯
Bookmark this.
Nifty - moderation of +ve momentum seen on short period charts.Nifty closed with over 1% 21 VWMA was rising, Nifty respected SD+2 resistance today.
23298, 23395 resistance levels for tomorrow.
SD+1 or 23057 acted as major support today, any breach below this and sustaining lower will signal some weakness.
23730 major pivot, as long as this is help, uptrend is intact, and Nifty is in buy on dips.
24060, 23930, 23875, 23790, 23760 major support levels.
Bitcoin AnalysisBitcoin is currently moving within a defined price channel, and at the moment, it is trading near the top (resistance) of the channel.
This area often acts as a supply zone, where sellers tend to step in. Therefore, it may be a good opportunity to consider a short position, especially if it's supported by confirmation signals like divergence, reversal candlestick patterns, or other technical resistances.
As always, don’t forget to apply proper risk management, set your Take Profit levels, and consider Risk-Free strategies in case the market turns unexpectedly — especially in the high-volatility crypto environment.
QQQ, Weekly RSI has reached oversold territory just 4 other timeIt's also came at or near a long-term bottom.
If you're a long-biased trader looking for high-probability entries, this setup deserves your attention.
The weekly RSI just hit oversold territory — something that’s only happened 4 times in the last 10 years. Each of those times? It marked a major bottom or the start of a strong bullish trend.
We’re also bouncing near long-term horizontal support (~$420) and holding above a rising trendline that’s defined the bull market since 2018.
If price continues to hold this zone and RSI starts curling back up, I’ll be looking to go long.
Stop below $420. Reward-to-risk looks solid if momentum confirms.
Not calling the exact bottom — just positioning where the risk makes sense.
Apple – More Pain to come? Apple’s NASDAQ:AAPL chart right now? Honestly, it’s a mess. It’s one of those setups where you can’t confidently say much with conviction , but one thing feels clear to me: it should go lower before it gets better.
Zooming out to the 3-day timeframe , you can spot something interesting: the downtrend from 2022 to 2023 looks almost identical to the one we’ve seen from July 2023 to April 2024 — same structure, same slow bleed, and almost the exact same duration. That kind of symmetry doesn’t happen by accident.
After that, we had a massive rally from April/May 2024 , but now we’re already seeing a sharp retracement — down over 35%. My take? We probably need one more leg lower to really shake things out before Apple makes a meaningful move higher, maybe toward $250–$260 .
To get there, I think we still need to retest the $160–$150 zone. If we break below that and head toward $120, then we’re in real trouble structurally — that would shift the whole outlook.
Yes, the recent bounce from the VWAP level was clean , and it looked strong — but I wouldn’t rule out one more flush before we get the real recovery. Apple is in no-man’s-land right now, and until we hit key levels or reclaim broken structure, it’s caution over confidence.
ONDO Falling Wedge + Bullish DivergenceBITGET:ONDOUSDT is compressing inside a falling wedge, now trading near key support. Signs of potential reversal are building.
🔹 Key Observations
• Pattern: Falling wedge (bullish bias)
• Support: Price is holding just above the ~$0.68–$0.75 demand zone
• Volume: Declining throughout the wedge – typical pre-breakout behavior
• RSI: Bullish divergence forming + compression under 50, often seen before breakouts
🔸 What to Watch
• Breakout trigger: Daily close above wedge resistance (orange trendline), ideally with volume
• Target zones: $1.30 to $1.60, then $1.90 to $2.10 (prior S/R levels)
• Invalidation: Breakdown below the green demand zone ($0.68)
⚠️ As always, confirmation matters – no breakout yet. But the setup is clean and worth watching closely.
ONDO Long Spot Trade Setup – Bullish Divergence PotentialONDO is showing relative strength amid the broader altcoin pullback, holding key levels and now pulling into the $0.50 support zone. This area lines up for a possible RSI bullish divergence, which could spark the next leg up.
📌 Trade Setup:
Entry Zone: ~$0.50
Take Profit Targets:
🥇 $0.85
🥈 $1.13
🥉 $1.34
Stop Loss: Daily close below $0.42
USDJPY Potential Pennant Triple ThreatFirst,
In the Higher Timeframes (4Hr - Weekly), we can see that USDJPY is traveling down a Descending Channel since Jan 10th. Price tried pushing higher in March but ultimately fell back within the Channel beginning of this month (April) resulting only in a False Breakout but also creating a Fair Value Gap from 148.698 - 147.429.
Now down on the Lower Timeframes (15min - 1Hr) we can see that Price has created a Fair Value Gap from 146.546 - 146.226 with current Price Action forming a Pennant Pattern just above this FVG which lines up with Previous Highs (Past Resistance Level) and with Volume Decreasing, suggests we could see a Breakout soon! Now Based on the Pennant Pattern being Neutral meaning can break either way, creates the first 2 Bullish Scenarios being either a Breakout and Retest of the Pennant pattern going Bullish OR Bearish.
*Breakout will be Validated if followed by an Increase in Volume!
Scenario 1 -If BULLISH BREAKOUT - The Retest will come at the Falling Resistance of the Pattern.
Scenario 2 -If BEARISH BREAKOUT - This could suggest Price is looking to "Fill The Gap" being the FVG
** If Scenario 2 happens, this Price Movement could be looking to fulfill a Fibonacci Retracement of the Swing Low @ 145.041 to the Swing High @ 146.904, where the 38.2% Level lays at the Upper Limit of the FVG and the 50% Level lays at the Lower Limit of the FVG with the Consequent Encroachment right in the middle @ 146.385.
—Both of this ideas suggest USD will need to gain strength which could mean fundamentally:
FOMC Meeting Minutes on Wednesday, April 9th & CPI (Consumer Price Index), the instrument used to measure Inflation, on Thursday, April 10th released results will be heavily relied on to see if there's anymore input on potential effects of Tariffs.
Scenario 3 - Fair Value Gap Inversion could suggest bad news fundamentally is released for USD and gives JPY Bears (Sellers) the ability to pull price down, keeping Price Consolidated further within the HTF Descending Channel.
Mastering RSI Divergence: A Complete Guide to Trend ReversalsWhat Are Divergences?
In this guide, we will explore the concept of divergence and how it can be effectively utilized alongside the Relative Strength Index (RSI), one of the most popular momentum indicators in technical analysis. Divergence occurs when the price of an asset moves in the opposite direction of an indicator, such as the RSI. Understanding RSI divergence can be a powerful tool for identifying potential trend reversals or continuations. In this guide, we'll delve into the various types of divergence that can occur with the RSI and how to incorporate them into your trading strategy.
Types of Divergences?
There are three primary types of divergence: bullish, bearish, and hidden divergence. Each signals a distinct market condition and potential outcome, and understanding these nuances is key to using divergence effectively in your trading.
1. Bullish Divergence Bullish divergence happens when the price of an asset makes a lower low, while the RSI forms a higher low. This indicates that although the price is declining, momentum is weakening. The failure of the RSI to confirm the new low in price suggests that selling pressure is diminishing, potentially signaling that a reversal to the upside could occur. Essentially, the market is losing its downward momentum, setting the stage for a potential bullish move.
2. Bearish Divergence Bearish divergence occurs when the price forms a higher high, but the RSI forms a lower high. This indicates that although the price is rising, momentum is weakening. It suggests that the uptrend may be losing steam, signaling that a potential reversal to the downside could be on the horizon. As the price continues higher, but the RSI fails to confirm the new highs, it may indicate that the market is becoming overextended and ready for a correction.
3. Hidden Divergence Hidden divergence differs from regular divergence in that it signals a continuation of the existing trend, rather than a reversal. It typically occurs during pullbacks or retracements in a strong trend. Hidden divergence can appear in both uptrends and downtrends, providing traders with an indication that the prevailing trend is likely to continue after the short-term retracement is over. This type of divergence serves as a confirmation of trend strength and helps traders stay in profitable positions during market pullbacks.
Why Are RSI Divergences a Powerful Tool?
RSI divergence is a powerful tool in trading because it offers early insights into potential trend reversals or shifts in momentum before these changes are fully reflected in price movements. By recognizing divergence, traders can anticipate shifts in market sentiment and make timely decisions. One of the main reasons RSI divergence is so effective is that it serves as an early warning system. It signals when the momentum behind a price trend, whether up or down, is starting to weaken.
For example, in a strong uptrend, if prices continue to make new highs, but the RSI fails to reach new highs, this could signal that the buying momentum is losing strength, even though the price is still rising. This divergence indicates that a reversal or pullback might be imminent, allowing traders to exit their positions or prepare for a potential shift in market direction. Understanding this early warning can provide traders with an edge, helping them avoid being caught in the late stages of a trend and positioning themselves ahead of a change.
How to Trade RSI Divergences?
When the price makes a higher high but the RSI fails to confirm with a higher high, this is known as bearish divergence. While this situation suggests weakening momentum, it doesn’t necessarily mean a correction is imminent. The price may continue to rise for some time, and eventually, the RSI could catch up and make a higher high in line with the price action. Essentially, the market could remain in an uptrend, and the RSI could still align with the price over time.
This highlights the importance of not jumping to conclusions solely based on RSI divergence. Divergence can act as a useful warning, but it should not be relied upon as a definitive signal of a trend reversal. To increase the reliability of the signal, traders should wait for additional confirmation, such as a candlestick pattern indicating a potential trend reversal. Candlestick patterns like engulfing patterns, doji candles, or shooting stars at key support or resistance levels can provide stronger evidence that the trend may be about to change.
Therefore, it’s wise to wait for a more comprehensive confirmation from price action before making a move, rather than acting on divergence alone. Combining RSI divergence with other technical tools, such as candlestick patterns or chart patterns, can help increase the accuracy of your trade decisions.
Conclusion:
Divergence is a powerful tool that provides valuable insights into potential trend reversals or continuations. By understanding the different types of divergence and knowing how to identify them, traders can make more informed decisions. However, divergence should always be used in conjunction with other technical analysis tools to enhance the accuracy of your strategy. With practice, patience, and proper risk management, divergence trading can become a profitable strategy for identifying key market turning points. Whether you are seeking trend reversals or confirming ongoing trends, RSI divergence can be an essential component of your trading toolkit.
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Promising Breakout Setup Ahead! Chart 1W CBOT_MINI:YM1! BLACKBULL:US30
Promising Breakout Setup Ahead!
The chart highlights RSI and Williams %R trendline breakout plays. My strategy? Identify trendlines on the chart, monitor RSI and Williams %R, and target breakouts on these momentum indicators.
Current Situation:
All key signals have already triggered.
Strong bullish seasonality
Favorable COT data (small specs bearish, commercials bullish)
Low open interest
This setup aligns with high-probability breakout criteria.
Chart Indicator
SMA 1W 52 (red)
SMA 1W 18 (green)
Bottom Indicators
WilVal
Williams R% 9 length
RSI 9 length
Not Financial Advice
for more questions ask in the comments or
check my X @valuebuffet
Nasdaq: Wave A Done – Now Lining Up for a Strong BounceThe Nasdaq is starting to look really interesting here. In my view, we've completed Wave ((a)) to the downside—a clean (abc) correction. Why do I think it's done? Because we've just tapped into a Fair Value Gap (FVG) and saw a strong reaction, just above last year’s VWAP, which I always consider a key reference point on the higher time frame.
Ideally, I would have liked to see that 19,090 level get tagged—unfortunately, we didn’t quite reach it. But honestly, this reaction is solid enough to still keep the bullish scenario intact.
Adding to that, the RSI is now in oversold territory, and the last two times we’ve seen that, it was followed by strong upward moves. Based on all of this, I’m expecting a solid bounce over the coming weeks, likely lasting into Q1 or even Q2 2025 .
Where could this move take us? I see two key zones: the first between 22,000 and 22,425 and the second between 23,320 and 23,675. Could it land somewhere in between? Sure. But one of those zones is where I expect this corrective structure to wrap up. That would likely complete the larger ((abc)) correction, after which we’ll finally begin forming the macro Wave A—which will open the next big leg of structure.
So the bigger picture is in play here. In the meantime, I’ll be hunting for entries on the lower time frames, because I do think we’re setting up for a pretty solid push on this index in the coming weeks.
Total 2 Marketcap - Is this cycle repeating the last two cycles?In this analysis, we are discussing the possible repetition of the last two cycles by the total 2 (Crypto Total Market Cap Excluding BTC) on the monthly timeframe. By comparing this cycle in conjunction with the RSI and the Stochastic RSI with the previous two cycles we could make a statement that the market might follow the same bearish signals.
What did we see in the previous two cycles with regard to the price action and RSI
In both bullmarket cycles we saw the total 2 making highers highs and higher lows. In both instances the RSI made a lower high while the price action made a higher how consulting in a bearish divergence on the monthly timeframe.
What did we see in the previous two cycles with regard to the price action and Stochastic RSI
In the last two bullmarkets we saw the Stochastic RSI (momentum indicator) rising to levels above 80 on the indicator, overbought territory. This means that the momentum to the upside in the Crypto market is immense. However, in both instances the Stochastic RSI was in overbought territory during the first top. After the first top the momentum weakened and thus resulting in bearish momentum below level 80.
However, the momentum weakening, both cycles made a new higher high. By making a new higher high the Stochastic RSI made a bullish cross around the 40/50 level. Nevertheless, after making a new higher high and a new Stochastic RSI cross up the price fell, resulting in another bearish Stochastic RSI cross down.
What we can conclude is that in both previous cycles the Stochastic RSI made a cross down below the 80 level at the first top and made a second cross down around the 40/50 level during the final top.
How does the previous cycles relate to this current cycle
In this current bullmarket we see the Total 2 Marketcap rising and making higher highs and higher lows. However, this cycle looks alike the past two cycles in comparison with the price action, RSI and Stochastic RSI.
This Cycle the price action made higher highs and the RSI made a lower high. Thus, resulting in a bearish divergence.
Also, in this cycle the first peak occurred with the Stochastic RSI above the 80 level and breaking down at a later moment, resulting in bearish momentum. However, this cycle did the same as the previous two. With the bearish momentum the Total 2 Marketcap made a new high with a second Stochastic RSI cross down at the 40/50 level.
Conclusion
This cycle looks a lot like the past two cycles in comparison with the RSI and Stochastic and thus suggesting that there is a possibility that we go in to a new bearmarket and repeat the last two cycles. The current evidence shows that the market might follow the similar path again.
What is a bearish divergence
A bearish divergence signify potential downtrends when prices rally to a new high while the indicator (RSI) refuses to reach a new high and thus making a lower high.
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