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Reappearance of a 2021 Bearish topping pattern
$BTC RSI the oscillator has recently diverged #bearishly in a move that marked the 2021 top. A bearish RSI divergence contradicts the higher high in prices, signaling a slowdown in the bullish momentum.
The RSI has produced a lower high relative to its December high, diverging bearishly from the continued price uptrend. That's similar to the 2021 pattern.
The #negativ setup would be invalidated should the RSI cross above the falling trendline, representing the divergence, indicating a renewed bullish momentum.
The RSI has produced a lower high relative to its December high, diverging bearishly from the continued price uptrend. That's similar to the 2021 pattern.
The #negativ setup would be invalidated should the RSI cross above the falling trendline, representing the divergence, indicating a renewed bullish momentum.
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