BTC Bearish Divergence on Daily

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!

Kommentera:

We hit $28,850 on the 1h chart before getting caught by a bullish trendline.