PSA for everyone screaming bearish divergence on $BTC daily RSI:
You're doing it wrong.
RSI has a 14-day lookback. If you actually draw it correctly, there's NO divergence - the last 14 days perfectly match the price trend.
Also reminder: RSI is bounded by design. Stop treating temporary overbought/oversold conditions like they're prophecy.
Learn your indicators before you ape into shorts.
You're doing it wrong.
RSI has a 14-day lookback. If you actually draw it correctly, there's NO divergence - the last 14 days perfectly match the price trend.
Also reminder: RSI is bounded by design. Stop treating temporary overbought/oversold conditions like they're prophecy.
Learn your indicators before you ape into shorts.