XBTUSD (Short term strategy) - November 24

23 nov. 2020

Moving up and down the rising channel, it is naturally moving to the bottom rising channel.

In the wRSI_SR indicator (same as the existing Stochastic RSI indicator), there is a section where the BTC price moves, similar to the movement of the RS line, and there are incorrect sections.
The wrong section is the divergence section.

Looking at the CCI-RC indicator, you can see that the CCI and EMA lines are on a downtrend.


(LONG)
Entry point: When breaking above 18327.5 point
Target point: 18600.5 point or higher, 2nd 18821.0 point or higher
Stop Loss: 18157.5 point
(However, if it falls without breaking above the upward trend line (2), it is a Stop Loss.)

(SHORT)
Entry point: When breaking below 18157.5 point
Target point: 17834.0 point or less
Stop Loss: 18327.5 point
(However, if it rises without breaking below the uptrend line (1), it is Stop Loss.)