Bitcoin Cycle is Over – What Are You Waiting For, Fool?
On the weekly timeframe, there’s a clear negative divergence on both the MACD and RSI indicators. The chart is forming a higher high, while both MACD and RSI are showing a lower high, indicating divergence. This same divergence appeared in the previous cycle, as shown on the chart. Typically, this divergence forms between the third and fifth waves, and, as is commonly known, the fifth wave often signals the end of the cycle.
Looks like the cycle is over, and we’re just sitting here.
