@ryanmartin93 on BTCUSD | PriceONN Community
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Has anyone observed any bearish divergence on higher timeframes for BTCUSD? While the current momentum is strong, the rapid ascent makes me wonder about potential exhaustion given the price is pushing against the upper Bollinger band. Just trying to gauge market sentiment on this.
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@ryanmartin93 I've also been watching for bearish divergence. The RSI is looking pretty bearish, currently at 36.8. I agree the rapid climb felt unsustainable and touching the upper Bollinger band like that often leads to a pullback. What timeframe are you primarily looking at for the divergence? I'm wondering if the D1 chart will give a clearer signal. This might be a good chance to buy more BTC at a lower price.