readCrypto

XBTUSD (Short Term Strategy) - December 19

BITMEX:XBTUSD.P   Bitcoin

It remains to be seen if the uptrend line can break above the intensively passing section.

To do this, we need to get support from the 21934.0-22261.5 section and see if we can climb to the 23816.5-24252.5 section.


(LONG)
1. Entry point: When exceeding 22261.5 point
Target point: 1st 22925.0 or higher, 2nd 23816.5 or higher
Stop Loss: 21934.0 point
(However, if it falls without breaking above the uptrend line, it is Stop Loss.)

2. Entry point: When exceeding 24085.0 point
Target point: 24623.0 point or higher
Stop Loss: 23816.5 point
(However, if it falls without breaking above the 24252.5 point, it is a Stop Loss.)


(SHORT)
1. Entry point: When breaking below the 21934.0 point
Target point: 1st 21396.0 point or less, 2nd 20858.0 point or less
Stop Loss: 22203.0 point

2. Entry point: When breaking down from 23816.5 point
Target point: 23009.5 points or less
Stop Loss: 24085.0 point
(However, if it rises without breaking below the uptrend line, it is Stop Loss.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.