BTC/GOLD and BTC (Super Valuable Content)


Observations:
1. Both tend to follow a similar rhythm on the RSI
2. Last year, the RSI and price each formed a divergence at the top, which also tended to be consistent
The most exciting part here is the divergence between RSI and price at the top! Let's focus on analyzing 👇
We know that common divergences with price include volume-price divergence, MACD divergence, and KDJ divergence.
This is RSI divergence! At the top, it's called a bearish divergence!
RSI divergence, like other indicators' divergences: the index peaks gradually decline, but the price keeps making new highs!
What is the essence?
The essence is that RSI stays above the 50 line! Fluctuations above the 50 line are like a perpetual motion machine for the market—continuing the upward trend, consolidating, then making new highs again!
BTC-1,77%
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