15m chart has divergence between price and RSI. Remember, divergence can be seen by comparing price action and the movement of an indicator.
If the price is making higher highs, the oscillator should also be making higher highs. If price is making lower lows, the oscillator should also be making lower lows.
If they are not, that means price and the oscillator are diverging from each other.
Which is why it’s called “divergence.”
Just because you see a divergence, it doesn’t necessarily mean you should automatically jump in with a position.
We have two divergence strategies in our Trading Strategy Vault Library - The RSI 80-20 and The Best Bitcoin Trading Strategy – 5 Easy Steps to Profit. Visit our website for more information. Tell us below with a comment how you trade divergence.
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@Tradingstrategyguides, These two strategies have two different chart setups and two different entry styles.