By CCN.com: According to a cryptocurrency trader, a technical indicator of bitcoin is signaling a potential downturn in the market for the first time since December 2017. The indicator, known as the Relative Strength Indicator (RSI) bearish divergence, signals a bearish downtrend and a decline in momentum. The RSI is typically utilized by traders to evaluate the momentum of the trend of an asset or a market. A bearish divergence flashes when the price of an asset, in this case bitcoin, rises while the RSI heads downwards, suggesting a lack of momentum. Although the RSI bearish divergence does not necessarily
The post Bitcoin Momentum Fails, Bearishly Overbought for the First Time Since 2017 appeared first on CCN
from CCN http://bit.ly/2UMUa5q
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