Is Weekly RSI Divergence a Reliable Top Caller for Bitcoin?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
A historical study seems to suggest that RSI divergence similar to what we have in recent weeks is not typically a reliable marker of long term tops of BTC . Of the 6 major instances of apparent RSI divergence since 2013, 2 were accurate top markers, and neither of those two had a declining volume profile as well, although several of the false signal instances did.

RSI divergence on the weekly is along not enough to call a Bitcoin top, and we must look elsewhere if we wish to make an educated guess as to where we are in the Bitcoin bull cycle.


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