December 6 XBTUSD Bitmex Chart Analysis

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I’ll begin with XBTUSD Bitmex Chart Analysis for December 6th






This is 30M chart for yesterday.

It was turned out to be route A. It did not reach the “smile face” line above.

As you can see, the movement precisely reacted at the short position entry point for route B / and the switching point.

Afterward, the trend stopped and ended up with the route A wave.

It was about $540 movement.
Congratulations for those who made a profit.







Today’s trading strategy.

This is daily candle chart.

This shows where the daily candle is created and positioned for today.

There is a relationship between the candle’s position and Bollinger band.
And I brought you a trading strategy according to this.






This is 30M candle chart.

Today we have long position trading strategy.

We are at the point where you can put stop-loss and operate quite aggressively with longposition.

I will briefly summarize,

1. Check out route A and B / with long position entry timing and price.

2. Following with route A, check if the price goes down below long position entry point. Finally confirm whether the price can break through the blue parallel resistance line.
(As the parallel resistance lines are stacked, a strong shooting can come out if the price breaks through)

3. If we see a tall shadow in the midst of route A, you can close long position and switch for short position for a short operation.

4. In case of route B, please check out long position entry price / As you see the short position entry point, if the price touches 30M candle chart’s resistance line, sustain your long position. (Make sure you do not enter short position if it touches the resistance line)

This is it for today.

I believe it would probably follow with route A.

I hope you check the price movement in real time and cope well with it.

In addition,
“If” Bitcoin price breaks through the “smile face” line and stays around the parallel resistance line, we might also see a price rise in other altcoins.



I will explain about this deeply on next Monday.

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

Hope you have a good weekend.

Thank you.



(Translation help
Jae Ho Shin)