XBTUSD BitMex Chart Analysis for December 12th

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I will begin XBTUSD BitMex Chart Analysis for December 12th






This is 30m candle chart for yesterday.

It followed route B except the last tall shadow.

Important part was the point when the price could not touch the B long position entry point.

It was a bit delayed and when it touched the price, it suddenly went up and down.

In 30m candle chart, the movement was between the resistance and supporting line. So it was in consolidation. The wave which should have come out yesterday was delayed and came out suddenly today morning.

As you see the red finger point for short position ($7,352.5), I’ve mentioned this additional information in our private member’s room.

It precisely touched the “smile face” line once, and came back to where it belonged.

Recently, there has been too much tricks and long consolidation period.
But I also made profit for $21 movement.

Congratulations for those who earned in this difficult period.






This shows monthly candle chart.

Please refer to $6,850 that I checked for your reference.






Today’s strategy.

It is 30m candle chart.

I will briefly summarize the major information.

1. Please confirm route A & B with A’s long position entry timing / B’s short position timing with each price point.

2. In case of route A, please confirm whether the price does not go down below the entry point.
If it does, it is highly likely to go to route B / If you manage to enter route A long position, please check the price goes above the “smile face” line.
(if the price breaks the point of 30m candle chart’s parallel line and 4H candle chart’s line continuously, it would cause a huge price shooting)

3. Please confirm the first long position entry point for route B. After, check short position where the route A and B meet. (If the price does not have power to break out this point, please enter short position)

4. If it follows route B, please put limit price on $6,834 for long position. It is very likely to see a strong rebound from this point.

This is it for today.

Hope you have a good day.

I will come back to you with FX, overseas futures analysis.

Thank you.



(Translation Help
Jae Ho Shin)