Last One - Balance of Power RSI Won't go over the constructi | LibreCharts
Last One - Balance of Power RSI
Won't go over the construction for this indicator ; I've reiterated that enough times in here (ctrl+f , then type "Balance of Power" ; no quotes)
What Makes This Indicator Awesome
This indicator has been diverging with Bitcoin over the past 2-4 weeks or so.
This isn't due to me being a genius (although I deserve credit for identifying the usefulness of the BoP), but rather the effectiveness of the Balance of Power as an indicator, overall.
As stated before in here - this indicator is designed to identify subtle underlying trends in accum. / distrib. cycles even during times when the price is still appreciating.
I call this one my first line of defense because it always gives an early warning of waning trend strength before anything else