BTCUSD Heikin Ashi daily RSI divergence and fib correlation
Updated
Heikin Ashi daily is interesting.
RSI daily peak was on 2021-01-03 with bearish divergence since then. That RSI peak is right near the 0.618 of the bull run starting 2020-12-11 through today 2021-04-08.
No idea where price goes from here, a break out and the top is likely to blow off in rapid fashion, but it looks like we have a lower high so a big correction could still be in play. If there would be a big correction then that ~34,500 level could be a potential target for the bottom of a big down wick.
RSI daily peak was on 2021-01-03 with bearish divergence since then. That RSI peak is right near the 0.618 of the bull run starting 2020-12-11 through today 2021-04-08.
No idea where price goes from here, a break out and the top is likely to blow off in rapid fashion, but it looks like we have a lower high so a big correction could still be in play. If there would be a big correction then that ~34,500 level could be a potential target for the bottom of a big down wick.
Note
Well, it didn't look like this was going to play out at first, but here we are.Buy now if you like profits.
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