December 23th XBTUSD Chart Analysis

Hello.

Make it simple and make profit.
It’s BitCoinGuide.

Hope you had a nice weekend.

We are already at the end of this year.
Let’s always keep up the good work.

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

I will begin XBTUSD BitMEX Chart Analysis for December 23th

This is 30m candle chart for last week.

On Friday we had no particular movement.

The important part was the price does not go down below too much on the weekend.
Then it went over the green parallel line and 4H parallel blue resistance line successively.

It made a bit of a detour and then rose up when the cloud changed from “blue cloud” to “red cloud”.

The price went over the “smile face” line and touched the “bell” line.

This is daily candle chart.

As I explained last week, it went over the parallel resistance line.
So we newly have a daily candle chart’s parallel lines.

And now we have a converging section based on the orange mid term trend line.

As there is weekly CME Gap, the movement will be very important for 2 days.
So I brought a trading strategy quite tight for safety.

This is 30m candle chart for today.

In fact, it is very hard to measure wave pattern and trading strategy right after a drastic movement of a trend.

As a whole, I brought a long position strategy.

To briefly summarize,

1. Please check route A & B with long position entry timing and price point at the right side.

2. Route A: Please check the price does not go down below the entry point. If it does, it will end up drifting sideways.

3. Route B : Please check the final long position entry point (If it goes down below, please check out the price gap for weekly CME market.

This is it.

I’ve indicated bonus points.
Blue finger pointer for route A (short position shortly)
Red finger pointer for route B

Hope you cope well with it.

In case of Altcoins, we will have to consider the correction and weekly CME Gap. Then I will try to operate simultaneously with Bitcoin.

Hope you have a good day.

I will come back to you with FX Margin trading, overseas trading in the afternoon.

Thank you.

(Translation
Jae Ho Shin)

BitCoinGuide

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