XBTUSD (Short Term Strategy) - December 17

١٦ ديسمبر ٢٠٢٠

If it falls from the point of 20093.0, the point that was importantly mentioned in the 1D chart, I think it is necessary to stop loss to preserve profit and loss.

Due to the surge in BTC price, the Fibonacci retracement rate of the 1h chart has been newly changed.

You need to make sure you can get support in the 21238.-21396.0 section.
If it falls, you need to make sure you get support in the 20589.5-20858.0 range.

As many of the uptrend lines are passing above the 21934.0 point, it is expected that these trendlines and their own resistance zones from the fear of a downturn will form.

Therefore, if it is confirmed that it is supported by rising to the 22261.5-22925.0 range, further gains are expected.

Short-term strategies are not published to confirm this trend.
This is because losses due to volatility around December 18th (December 17th-19th) may occur.