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FX.co ★ BTC analysis for November 17,.2020 - Bearish divergence on the 4h time-frame and potential for the downside rotation

BTC analysis for November 17,.2020 - Bearish divergence on the 4h time-frame and potential for the downside rotation

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BTC analysis for November 17,.2020 - Bearish divergence on the 4h time-frame and potential for the downside rotation

Analyzing the current trading chart of BTC, I found that the tested the median Pitchfork line with the bear divergece on the Stochastic oscillator, which is sign for the potential downside rotation.

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My advice is to watch for selling opportunities with the downside targets at $16,600 and $15,870

BTC looks overextended and selling opportunities are preferable under this condiiton....

Key Levels:

Resistance: $17,000 and $19,500

Support levels: $16,600 and $15,870

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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