Discover and read the best of Twitter Threads about #rsidivergence
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1/ Have you heard of RSI Divergence? It's a popular technical analysis tool used by traders to identify potential trend reversals in the market. In this thread, I'll explain what RSI Divergence is and how you can use it in your trading strategy.
#RSIDivergence #crypto #Bitcoin
#RSIDivergence #crypto #Bitcoin
2/ RSI Divergence is based on the Relative Strength Index (RSI), which is a momentum indicator that measures the strength of a security's price action. RSI Divergence occurs when the price of a security is moving in one direction while the RSI is moving in the opposite direction.
3/ This divergence between price and RSI can be a sign that a trend reversal is coming. For example, if the price of a security is moving higher, but the RSI is moving lower, it could indicate that the trend is losing momentum and a reversal to the downside could be imminent.
