November 27th. XBTUSD Bitmex Chart Analysis (BitCoinGuide)

Hello.

Real time analyst, BitcoinGuide.

I brought today’s strategy that you can refer to.

So it will be very much appreciated if you could “Follow” me and press “Likes”
Now, let me begin.





This is 30 minutes chart for yesterday.

At first, it went along with route A, however, went down below the orange trend line.
It touched the “sad face” supporting line and remained as drifting sideways.

I shared the real time strategies in the chatting room.
If it were to break down below the supporting line for 1H chart with an additional candle, short position strategy seemed convincing, but likewise it was Tuesday with a sudden change which made a rebound.
Also, it went down the bottom line of daily chart, so it seemed to have less chance of a huge rebound as the daily movement is limited. As a result, it ended up with drifting sideways.


Just for you to know
The blue box indicates Bollinger bands 30min chart’s supporting and resistance level.

The price did not expand its wave and stayed inside the box, so it ended up with drifting sideways.
So the strategy is invalidated.







Today’s strategy.


This is 30 minutes chart.


As for yesterday, I’ve mentioned if it goes down below the middle line of Bollinger band for 4 hours chart, it would be very dangerous.


But it supported well more than I expected.


Approximately, it would be on Friday when the trend tends to be very strong.
Then we could be able to verify the direction as a whole.


Anyhow, if the pricedoes not break out the red trend line above (which we couldn’t for some time)
It could lead to downward trend for ‘months’(mid-long term)


Please refer to it.


I will now briefly summarize the strategy in order.


1. Please check route A(long position) and B(short position) with entry points and prices.

2. If it moves along with route A, please check whether it breaks out the orange trend line which is $7,179. For today, the movement with route A will make a better chance of bullish trend.

3. If it moves along with route B, you can see the entry point of short position on $7,102.
However, you should check whether it breaks out the 30min chart green parallel line with an additional candle.If it does, you should refrain from entering short position and wait.

4. If it goes down below “sad face” supporting line with an additional candle, please enter short position.


* Today it has much possibility of drifting sideways.
In order to succeed bullish trend, route A is necessary.
If the price does not go above the middle line of 4 hours chart Bollinger band, or stays around this price level, 4 hours chart MACD Dead Cross is waiting, so it would be very negative.


This is it for today.


Hope you do the safe trading.


I will come back to you with FX margin trading analysis in the afternoon(Korea time).


(Translation help.
Jae Ho Shin.)