XBTUSD Bitmex chart analysis December 5th

Dec 5, 2019

Hello.

It’s BitcoinGuide.

For today, I tried my best to give you a helpful analysis.
So if my analysis is useful, please “Follow” me and press “Likes”.

Now let me begin XBTUSD Bitmex chart analysis for December 5th







This is chart analysis for yesterday.

It is 30M chart.

I will be brief.

Yesterday was short position strategy.
Based on route A, it was long -> short movement.

If you look at the below finger pointer,
The price touched the “sad face” line once and rebounded with a long tail.

It went straight up to the highest point above.
If you look at the finger pointer above, it precisely touched and filled up the CME gap.
Eventually, the price trend came back to the blue arrow route.

It was $1,400 movement including long and short.
Congratulations for those who earned.







This is 4H chart.

There are 3 things to check.
Converging section between 4H chart parallel resistance line and supporting line of daily chart
The ichimoku is changed from “red cloud” to “blue cloud” as you can see at the arrow.
MACD is about to indicate Dead Cross.

And I brought trading strategy according to these 3 aspects.







This is 30M chart and it’s long -> short strategy.
I will summarize the important parts.

1. Please check route A and B with long position entry point and price -> short position switching point. (I want you to check the movement real time, so I did not precisely indicate the price for the short position.)

2. In case of route A, please check if the price does not go down below the first long position entry point. If it does, check out route B.

3. When it follows route B, please check out the final long position entry point for $7,076.
Or else, if it goes down below this parallel green supporting line with an additional candle, please enter short position.

This is it for today.

I put “smile face” and “sad face” line for your reference.

The position now can be dangerous.
If the price does not follow route A, or if the price does not have a long tail after a heavy drop, there could be an additional fall.

Today is Thursday, it can end up with drifting sideways.
Tomorrow, it’s Friday when the trend tends to come out strong.
So I expect there could be a strong movement tomorrow.

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

Hope you have a good day!

Thank you.



(Translation help
Jae Ho Shin)