BTCUSDT 20 OCT 2020 1315 hrs

Negative divergence into a key resistance with an increase in selling. Woyuld be a reasobaly area to take profit. Would avoid chasing into resistance. Waiting for another pullback to target (support, fibs, MA's etc).

Always look for the evidence yourself. Not what they tell you.

تعليق:

here is a reason why you cant rely on divergences. Divergences are only a very minor part of the equation. Price is surging to the upside and with proximity to multiple key resistance points.

Always wait for the pullback and avoid chasing... as tempting as it may be, avoid chasing.