Currently this indicator is suggesting a local high for bitcoin as such divergences were displayed Around the TOP and BOTTOM of the previous cycle.
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@friscotrader As you can no longer post links in comments. Ill post it here. As a good observation. However, it seems as in the prior example this indicator demonstrates divergences that the RSI does not pick up
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Also what is interesting the last time the RSI did not display divergence it was a similar price action to the recent price action just inverted.
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Either the rest of the crypto market is about to explode or BTC is going to drop and faster then the rest.
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Well is certainly closing the gaps, but i back the decline with a 100% cash reserve sideline.