December 10th XBTUSD Chart Analysis

10 Ara 2019

Hello.

It’s BitcoinGuide.

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I will begin XBTUSD Chart Analysis for December 10th







This is 30M candle chart for yesterday.

It was route B.

Short / Long / Short / Long, and I also shared you with my trading records.
It was about $750 movement.

Within the member’s space, I shared you with orange trend line.
The price rose with a tall shadow, came down below the orange trend line with an additional candle, and then went further down below 4H candle chart’s parallel supporting line with an additional candle.


Congratulations for those who earned profits.







This is daily candle chart.

The position is very important that I explained several times with the Bollinger band.

So I brought a trading strategy according to this section.







Today’s strategy.

Today, I believe the trend does not seem to have much power.

I will briefly summarize.


1. Please look at route A & B where you open A long position / B short position with each price point.

2. If it follows route A, please check the price does not go down below the entry point.
If it does, please check out route B movement / Finally, check whether the price goes above the “Smile face” line.

3. In case of route B, please look at the short position entry point. If the price goes above and touches the “smile face” line with an additional candle, close for the day with no position.

If the price does not touch the line, then please look carefully to enter your short position

This is it for today.

Today is Tuesday when we see lots of variables.

It is time when we can see long position being aggressive, so please look carefully for a possible strong rise.

Furthermore, as for your reference, we have seen lots of route B -> route A pattern. So be aware of this too.

The direction is open to both positions, so do not be hesitant.

Wait and open your position when the direction is decided.

Thank you for your support.



(Translation help
Jae Ho Shin)