Category: Tether (USDT)

Bitcoin bearish RSI divergence on W chart and reversal on daily

See this chart for the weekly divergence:

A lot of talk about buying bitcoin. I see a different story developing. RSI resistance levels are falling on each rally up, suggesting that we are running out of steam. Volume, too, fell on this previous rally up to 4958, causing a divergence. On its daily chart, bitcoin failed to …

This article was originally published on: The Tether Blog on