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Bitcoinidea

A Merry Bitcoin Xmas 12 statistics for 12 historical Decembers: December Marks pretty pivotable points in Bitcoin history. Typically the 19th-31st of December marks some decent moves, with either a slight pause for continuation or a major reversal. 12 statistics for 12 historical Decembers: - AVG. Overall Returns +15.26% - AVG. Positive Returns +52.73% - AVG. Negative Returns -28.45% - 7/12 saw Red candle closes, 5/12 saw Green. (2023 will likely be 6/12) - 6/12 saw January close lower than Dec, whilst 6/12 did not. - 4/12 we never saw Dec low prices again. - 4/12 proceeded with a Jan-Feb monthly retraces (didn't close < Dec), whilst 4/12 continued higher. - 4/12 saw lower prices proceeding more than 6 months. - 3/12 were in mid bull markets (wave 3) - 2/12 marked ATH's and to date 2/12 marked ATL's. - 1/12 saw sideways action for 4 consecutive months - 1/12 marked false low reversal signal (COVID) In summary, for the 13th December close given the timing of cycles, this does mark a midterm turning point between cycles. Generally, at this point, it is more probable for a slight -25% retrace before continuation. Statistics on lower Dec ratios (<4/12) would suggest that in Q1 2024 we may just get the dip, but for how long will the Santa Rally continue? $48-50k high seems very likely but a close < FWB:31K in the coming months on the retrace would prove something else is at play. Sorry for rez, here is a better screenshot
INDEX:BTCUSD
by LiquidMafia
Bitcoin Top and 27% Pullback Likely To $32k Support?Looking like Bitcoin topping out here and in need of refresh and retest of lower support. Since BTC commonly has 25%-27% pullbacks to support, this is looking more like a 'Sell the News' setup for when the BlackRock ETF likely gets approved in early January. For this rally to sustain and hit our higher projections of $100k, $155k, or even $210k, Bitcoin needs to retest support around $32k level in my opinion. At least a pullback to $38k before resuming the push higher to the FWB:48K - $50k Golden Pocket. What do you think Bitcoin goes next?
Short
by BrettFogle
BTC Update - 21.12.2023 / Local range with Long OFh1 Chart: Yesterday's targets in the form of liquidity pool behind PDH level were successfully achieved. At the moment we have formed a local range with an upward exit after the POI mitigation in the form of 1h FVG. Now I would like to see a devation from below and the birth of an upward order flow through the break of the structure on the ltf! I am out of positions for now and I advise you to stay out of positions! Not a financial tip, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
by trademansi0n
Bitcoin Bulls VS Bears 🐂🐻Bitcoin, after a very significant rise, had a dip that in my opinion is healthy for the long term, but nothing alarming for now. The red line (SMMA) has held the price perfectly on the 4H timeframe since November, which means that for now we continue with a bullish structure. Therefore, only if a breakout below it happens, I will expect a more significant correction, initially towards the 38K support, but be aware that 35K is a big liquidity level.
by The_Trading_Wizard_
#BTC/USDT Weekly: This pattern signals Trend Reversal!#BTC Weekly Update: Breaking the Green Streak! Bitcoin (BTC) sees a change in trend as it closes the week with a red candle, ending an eight-week run of green candles. This shift is marked by the formation of a Bearish HARAMI pattern, signaling a potential bearish reversal. The confirmation of this pattern hinges on the weekly close; BTC needs to end the week below $41,349. Until this confirmation, Bitcoin may move sideways, providing an opportunity for altcoins to thrive. Investors should carefully select altcoins during this period of potential BTC consolidation for optimal gains. Stay vigilant! Do hit the like button if you find this chart helpful. Thank you #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
Weekly DXY Breaking Down Below 103 = Bitcoin and Crypto RallyThis is a great looking chart of the DXY on a weekly time frame. We have a huge Bearish engulfing candle forming on the DXY and breaking down below the 103 support level. This is looking very Bullish for Bitcion and the Total Crypto Market Cap. Also notice what happened after the last Bearish engulfing candles in October and November. This is great to see, after 11 straight weeks of Bullish Green weekly DXY candles prior to that. This is starting to look very interesting, and as we know as the DXY falls, Bitcion goes up. Also see my recent analysis on how we could see new highs by January, and $100k BTC by or before the Halving. Let me know what you think!
TVC:DXYLong
by BrettFogle
BTC Macro UpdatesBTC make perfect Bearish Shark at 35900$ as i have already share chart regarding this. As you can see BTC spot has no volume since March as mentioned in chart. It is just manipulation and grapping liquidity According to onchain analysis Upside liquidity has been grab almost 1.5B$ has been liquidate.Everyone is bullish now which means big move is coming.This senerio is remindering about recent crash when BTC touch 50k$ from 30k$ in May 2022. Becaregul with your trade on larger tf. Trendline has also been broken and just retesting here. If BTC cross 37000$ with full candle it will invalidate this pattern. This is macro analysis based on weekly tf. If you like this kindly follow me and like this Idea Thank you
Short
by hamzashabbir990
6
History is cyclical. So, read this. Bitcoin vs SP500—— Part 1 On the right is the S&P500 index (conditionally 1960-85 years). Bitcoin on the left. Stocks used to be as much of a novelty as crypto is now. Facts first, opinions second. Facts: — 1965-70 years. Green zone >>> Economic growth, more dollars, assets grow. But the war in Vietnam continues and world economic growth gradually stops. >>> Now: 2019-21 very strong growth of the stock and crypto market due to dollar printing. Towards the end of the inflation problem and the war in Ukraine. The economy worsened. — 1970-75 years. Purple zone >>> The fight against very strong inflation begins. Oil crisis. The USA spends a lot of money on the war in Vietnam. The global economy is not growing (stagnant). Taxes are increasing. >>> Now: The US and the EU are battling inflation, but it's not over yet. The USA spends a lot of resources to support Ukraine in the war. The global economy is not growing (stagnant). Taxes are increasing. — 1975-85+ years. Orange zone. >>> The end of the war. Inflation is still strong but improving. Tax reduction as a new policy of Reagan (USA). General improvement of the global economy.
SP:SPXLong
by sholi_software
Bitcoin Idea - BTCUSDT - BTCUSDHello, fellow traders! In my assessment, as depicted in the attached image, there's approximately a 50% likelihood of a price correction leading to a temporary drop in the range of $42,000. Looking at the broader, long-term trend and analyzing the chart data, the price movement appears to be on an upward trajectory, aiming for an initial target of $50,000. It's worth noting that various factors, particularly decisions from the United States regarding cryptocurrencies, the redemption period, and changes in the mining level, are anticipated to influence the index's price chart in the coming month. Wishing you all the best in your trading endeavors! BINANCE:BTCUSDT BITSTAMP:BTCUSD ⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities. ✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
Long
by Arash-RK