Prediction: Drop down to 42k-37.5k per BTC, then back up.
Purple solid channels indicate short term R.S.I Divergence, the larger red lines indicate the overall relative strength index chart divergence.
111 days from bottom trend line touch to upper trend line touch, 40 days left.
R.S.I Chart Divergence seems to occur only when hitting the upper trend line.
Price drops when hitting the upper trend line of the price chart.
Expect the R.S.I to come near or within the green zone. Notice the additional touch on the R.S.I Chart (in the green zone,) at the end of a divergence from the price chart (purple solid channel) during August to September of 2021. This touch leads up to an all time high for BTC, near 70k.
Purple solid channels indicate short term R.S.I Divergence, the larger red lines indicate the overall relative strength index chart divergence.
111 days from bottom trend line touch to upper trend line touch, 40 days left.
R.S.I Chart Divergence seems to occur only when hitting the upper trend line.
Price drops when hitting the upper trend line of the price chart.
Expect the R.S.I to come near or within the green zone. Notice the additional touch on the R.S.I Chart (in the green zone,) at the end of a divergence from the price chart (purple solid channel) during August to September of 2021. This touch leads up to an all time high for BTC, near 70k.