BTCUSD Heikin Ashi daily RSI divergence and fib correlation
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.
Buy now if you like profits.