XBTUSD BitMEX Chart Analysis December 26th

Hello.

Hope you had a wonderful Christmas.

Today I am quite overload with my works so my analysis is a bit late.

Please don’t forget to “Follow” me and press “Likes”.

I will begin XBTUSD BitMEX Chart Analysis for December 26th

(Tomorrow the chart will be changed to Bybit)






This is 30m candle chart on Christmas Eve.
I’ve deleted unnecessary parts.

I already explained you on the live streaming so I will be brief on here.

Based on the downtrend signal from $7,700 on 4H candle chart, the price followed route B. Right after touching the weekly CME Gap, a short rebound came up forward.

I already entered short position and my stop loss was $7,481. I planned to keep my position if the price does not touch or just touches $7,481 once or came down with tail.

It was Tuesday with variable and the price suddenly fell.

Congratulations for those who made profits.





This is daily candle chart.

The candle is created right below the middle line of Bollinger band.
And I brought a strategy based on this.






This is 30m candle chart.

I will briefly explain.

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

2. Route A : Please check the price does not go down below the entry point
(If the price goes down below the orange trend line with an additional candle, please refer to route B)

3. Route B : When you enter short position at the indicated position, please check whether the price goes above the green parallel resistance line. If it goes up with an additional candle, please refer to route A.

4. I also indicated bonus points with blue finger pointer for route A / and red finger pointer for route B. Hope you cope well with it.

The Bollinger band’s resistance line for 4H candle chart is opened. So if the price does not follow route A today, it would very much likely to make a trick of uptrend wave and then suddenly fall.

If it were sudden fall, it would have a chance of rebound.

However, making a detour and then a drastic fall would be quite vulnerable.

We will be on safe zone if the price goes above the final “smile face” line.

Hope you had a good day.

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

Thank you.



(Translation
Jae Ho Shin)