Btc (last update)

When the price makes new peaks and the indicator has lower peaks, this is called a negative divergence, which means that the upward momentum has begun to weaken

With every weakness and decline in the index, the buyers come back again and achieve a higher price peak, but with weaker momentum, which results in this divergence

Weakening bullish momentum with successful attempts to reach new peaks

When the price makes more than two peaks of a negative divergence like this, it shows the determination of the buyers despite the weakness of the trend

And if the price was able to break the trend of the series of peaks on the indicator, then there is a good possibility that it will create a strong upward wave

He is currently making 3 peaks on the indicator, and he may make the fourth and go down But if it breaks, the possibility of a strong rise

Just a possibility😉

@Tareq