XBTUSD BitMex Chart Analysis December 11th

Hello.

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I will begin XBTUSD BitMex Chart Analysis for December 11th

This is 30M candle chart for yesterday.

I deleted unnecessary lines.

It moved along with route B.

On the live YouTube broadcasting, I’ve explained you the chart would fall after a very weak rebound. And the fall happened precisely at the point I’ve indicated with the finger.

We missed the long position, but congratulations for those who made profits.

Today I brought a strategy based on “Blue cloud” and “MACD” of 4H candle chart.

We have to see when the MACD “Golden Cross” comes out and whether the price perfectly breaks out the “Blue cloud”

This is today’s strategy.

To briefly summarize,

1. Please check route A & B with A’s long position timing / B’s short position timing with price points.
(The entry point for A and B is the major location where the route might cross over.)

2. In case of route A, please check the price does not go down below the entry point with an additional candle. If it does, please check route B / Also check out the short position entry point above / When the price goes over the “smile face” line, we are at the safe zone.

3. When it comes to route B, please check long position entry timing and price point. Afterward, keep your position until you confirm the price goes above green parallel resistance line with an additional candle / If it does, follow with route A.

Please also refer to the price for each entry point at the right side.

For today, it does not seem to have a strong wave, and the direction is not perfectly set. So please wait with patience and I recommend you to do day-trading.

This is it for today, I will come back to you tomorrow at this time.

Thank you.

(Translation help
Jae Ho Shin)

BitCoinGuide

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