BTC turning points often marked by RSI divergence

Hi all, thanks for viewing. After only a few weeks, I am really happy that I am approaching 10,000 views. Hopefully I am doing something right. There are a lot of independent people out there who are looking to increase information to the community without monetising everything or profiting of you in some way.

This is the third and last post in a series that is aimed at picking tops and bottoms in BTC. First I will admit I don't and have never picked a top or bottom of anything ever. That isn't the point anyway, you just have to know when the momentum in one direction is fading. That will allow you to start to think about selling / tethering / or even starting to enter shorts when the market is high and losing momentum and will help with when to start to enter.

As you can see, things don't happen at super high speed. But when you have two swing lows / highs that form a trend-line that is the opposite to the price trend-line then that is divergence and a good sign that you may want to think about exiting your current position. Some Elliot Wave doesn't hurt either.

As I am looking at the primary trend in BTC mostly, I look at the daily scale. For smaller bounces and turning points use whatever works for you. The same principles apply.

I am not a professional, a financial adviser, or your Mum so please do your own research and protect those funds. Good luck everyone. No bearish divergence yet on BTC as it hits $7100. I expect it to drop as low as $6700 before commencing wave 5 up to $7486+.