December 19th XBTUSD Chart Analysis

Hello.

It’s BitcoinGuide.

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

I will begin XBTUSD BitMEX Chart Analysis for December 19th

This is 30m candle chart for yesterday.

I’ve mentioned several times about this pattern comparing with that of December 4th

Along with route B, it first came down and made the wave pattern following the red arrow.

From the long position entry point of route B, it passed the route A.

At the blue finger pointer area, it consistently went up, filling up the gap and ended up at the final blue parallel resistance line.

It was about $1,000 profit.

Congratulations.

This is daily candle chart.

If we breakout the blue parallel resistance line, we have orange mid-term resistance line.

We have two blue parallel lines and if we breakout the first one, we will have to face the next uptrend parallel line.

We are currently at the middle line of Bollinger band.

I brought a strategy based on this.

This is today’s 30m candle chart.

I will briefly summarize,

1. Please refer to route A & B with A’s long position entry timing / B’s short position entry timing with price points.

2. Route A : Please check the price goes down below the entry point. If it does, please follow route B. If the price goes up, you should check the price touches the final “smile face” line. If it leaves a tall shadow with one touch, or without a touch, please operate short position.

3. Route B : Please check $6,945 long position entry point. If it goes down with an additional candle, please call it a day with no position. If it rebounds, please check the price goes above the green parallel resistance line. Then it would be considered switching into route A.

Please check out the blue and red finger pointers where you can take advantage of in real time basis.

Regretful to say but, today I may not be able to upload FX margin trading, overseas trading analysis.

Hope you understand and have a good day.

Thank you.

(Translation Jae Ho Shin)

BitCoinGuide

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