XBTUSD Chart Analysis for December 13th

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I will begin XBTUSD BitMEX Chart Analysis for December 13th






Above shows 30m candle chart for yesterday.

It pretended to follow route B, but followed route A eventually.
I explained you about the reason why yesterday on the YouTube.

For those who participated the live streaming must have made some profit.
I also made profit and shared with you all.

Congratulations for all of you.

Yesterday the price went over the orange resistance line, and slowly went up following the orange supporting trend line.

I’ve mentioned that a movement within the Bollinger band of 30m candle chart is consolidation.
The price did not suddenly go up and down with tall shadow. Instead, the price is steadily going up and it means a lot. Please keep in mind of this.






Today’s points that you should know.

Please refer to 4H candle chart.
Check out the candle’s current position and MACD status.






Today’s trading strategy.
This is 30m candle chart. And it’s long position trading strategy.

I will briefly summarize.

1. Check out route A & B with long position entry timing and price points.

2. In case of route A, please check whether the price goes down below the entry point.
If it does, please refer to route B.

/ If you entered, please check the price touches the above “smile face” line twice. If it does, keep your long position / If it does not manage to touch the line, and leaves tall shadow, switch into short position.

3. If the price follows route B, please check whether it goes down below $7,097. If it does, call it a day with no position.

/ If you look at the first finger pointer, please check whether the price suddenly changes its way and goes above the green parallel line.

If you look at the second finger pointer, when the price goes down below the pointer with an additional candle, switch into short position for short term.

This is it for today.

I will come back to you with FX margin trading analysis in the afternoon.

Fighting


(Translation Help
Jae Ho Shin)