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Meraz
Feb 8, 2018 11:04 AM

Bitcoin RSI showing Bearish Divergence Short

Bitcoin / DollarBitfinex

Description

Bitcoin going down again

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Comments
darkandblue
why is it a bearish divergence, the price moved up while rsi declined?
Meraz
@retiringsoon1, Yes,the price made higher high but RSI made lower high,we going down
darkandblue
@Meraz, sorry but maybe i am not understanding well, so people sold and the price went up, that sounds bullish to me.
Meraz
@retiringsoon1,tradingview.com/x/aFqj1YVT/RSI shows direction
Meraz
BrettduPreez
@retiringsoon1 , basically it boils down to, it takes more from bulls to push the market higher. So higher highs are formed, but the difference between consecutive highs are getting less and less (highs are getting less high with each push). Until it collapses into lower highs and finally a fall down.,. Hope this makes sense.
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