Bearish divergence is beginning to pop up on the BTC weekly chart. This is not yet confirmed, but very worth keeping an eye on the weekly candle close to see if this does get confirmed. If this does confirm, it could certainly be an indicator for a local top being that the bearish divergence in a bear market is often a great sell signal.
Additionally, there are currently 6 instances of divergence showing which is A LOT. Of course this count could change as the week goes on, but the current list of indicators signaling divergence include:
Bearish divergence is beginning to pop up on the BTC weekly chart. This is not yet confirmed, but very worth keeping an eye on the weekly candle close to see if this does get confirmed. If this does confirm, it could certainly be an indicator for a local top being that the bearish divergence in a bear market is often a great sell signal.
Additionally, there are currently 6 instances of divergence showing which is A LOT. Of course this count could change as the week goes on, but the current list of indicators signaling divergence include: