XBTUSD (Short term strategy) - November 23

22 Nov 2020

The 18243.0 point is a possible entry point on the 1h chart.
Therefore, we have published a short-term strategy covering 18243.0 points.

I think it is showing a move to get out of it by showing it breaks down the top of the top of the 4 rising channels.
So, I think we need to be prepared for a decline in the second bullish channel.

(LONG)
Entry point: When breaking above 18327.5 point
Target point: 18600.5 points or higher, 2nd 18821.0 points or higher
Stop Loss: 18243.0 point
(However, if it falls without breaking above the upward trend line (2), it is a Stop Loss.)

(SHORT)
Entry point: When breaking below 18243.0 point
Target point: 1st 17834.0 or less, 2nd 17683.5 or less
Stop Loss: 18327.5 point
(However, if it rises without breaking below the uptrend line (1), it is Stop Loss.)