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December

The Secret of December 17th! New high incoming?What if there was a specific day of the year that bitcoin typically told us what it was planning? For the last 3 or so years it has been on Dec 17th that a significant development has developed regarding the cycles of BTC. It has often labelled the day of the exact top or bottom; as well as confirming the beginning or end of a previous cycle. I believe we are about to be entering the part that occurred last 2016 after DEC 17 15. I then did a bar pattern of the DEC 2016 - 2017 cycle for the time which will be from DEC 17 2021 -2022. This would mean we hit maybe as high as 23-32000 this December 17 and next one should be somewhere around 100-500k. Very interesting how in 2017 it was the day of the peak... then 2018 was they day after the bottom; with dec 2019 being about exactly when it was confirmed that we had begun the next bull run... we shall see what happens this DEC 17 but I have a feeling it will be a new ATH. thoughts?
COINBASE:BTCUSDLong
by mattcorwin1
2
SPY 12/11 Still BullishSPY bounced off of the channel lower trend line and the 20 day MA on the daily. Looking at the previous 5-10% pullbacks since march, volume has spiked on the first 1-2 days of the sell off. On the chart you can see the past 3 trading days are significantly lower compared to the pullbacks in june, september and november. Low volume pullbacks are indicative of profit taking by longs while still being in an uptrend. This could change next week but as of now I am still bullish, will reevaluate if spy closes below the september high. Don't usually like to look at news much but vaccines are starting to be authorized for use in the UK,US,Mexico,Canada etc.
AMEX:SPYLong
by Graypex
17
BTC USD longs if the USD bleedsHello traders and analysts, We have seen a successful Bitcoin rush for the fresh supply/Alt High. The USD remains under pressure to become cheaper for long exposure for the new year. So long as the recovery of the US remains oncourse, then we will see further DXY weakness. This does not track the USD, however the fresh rush into the coin has seen a new extension or consolidation into December - this will be an interesting month for flows. Two scenarios Exetnded target to break 20K or Downside to retest the previous wicked demand flow. Many thanks, Team Lupa
COINBASE:BTCUSDLong
by LupaCapital
Danaher Correction Until Early Dec Before Extension of Rally Danaher is a strong stock. It has made employees millionaires for decades. I happened to open the chart today and saw it is in a fairly steep correction as of early November. This is an exciting opportunity to buy the dip in my opinion. I will be looking to enter longs at the market resistance level around $205. I would expect an ABC zig zag corrective pattern before resumption of the rally. This is extremely speculative so trade at your own risk.
NYSE:DHRLong
by yosip1115
GBPUSD Long-Term Buy (TRADE OF THE YEAR?)Citi has not shut up about their GBP bullish picks for the end of the year. And they might be on to something this time. This could be the trade of the year. Brexit will be a better deal than expected. Trump will exploit the window of vulnerability to push headlines for a new 'bilateral' or nafta plus option. The rumor alone will be good and it really isn't on anyone's radar yet. Even if elections somehow result in a second referendum, still bullish. Large specs are positioning for bullish value capture over the next month. Doesn't mean they can see the future, but the upside is the better value for their 'RR' as retail traders would say. USD could still have some kick this holiday (consumer spending obviously), a lot of early warning indicators about CPI (non-official reports) will be closely watched by investors (as they try to make judgments about the FED rate). It doesn't necessarily mean continued USD strength however. It's all very spurious in my opinion and the trade war optimism is misplaced and the global macro situation is bad bad bad, which you can read more about in my gold trade. Expect a lot of political/social event-derived volatility. It might throw historical volatility and seasonality out the window. I don't usually do long-term trades like this, due to certain opportunity costs for my fund, but overall this should be one for the books. The odds, and entertainment, are better than gambling. Remember to follow, my published charts have made 100s of pips in the past weeks. I use a lot of non-traditional TA alongside global macro and other relevant fundamental research to develop these charts; these factors more accurately predict the behaviors of markets than moon cycles and inverse butterflies. Remember to trade responsibly, especially with this. Smaller lots than normal.
Long
by CountofCoins
Weekly Bitcoin Analysis and Price Prediction.For the beginning of December we have seen some pretty heavy price swings between the range of 7600-7200 USD, with a few wicks to the 7700 level, and the 7100 level. I've drawn two bear channels of resistance and support indicated by the red lines. The Upper bear channel seems to be a good region for taking small short trades with a stop loss at the top of the uppermost red line, and profits being taken below the middle red line, in the lower bear channel. If you zoom out (ill post a pic below) You can see a Bullish channel formed as well indicated by the green wedge, which gives us a short-midterm ceiling of about 9k. I'm not expecting us to reach these level, but a short term retest into the green channel is very possible. The key level seems to be around 7450 USD right now. Above this level bulls start to make small gains. Below this level, bears are continuing to great "Bart" patterns, by immediately selling off any quick swings to the upside after a small period of level trading. Expect the price to gravitate towards 7300 with lots of short and long squeeze's coming in, An excess amount of Stop Loss Hunters are clearly in the water. Most likely we will continue to put in lower highs, and higher lows, continuing the signal of a bear market. It's been about 7 months of this trend. Following the 2017 High of 20k, we put in 13 consecutive months of downward action. With about 6 months left until the havening. I'd say that puts us right on track. Prediction: Target range of 7.5k-6.5k for Month of December. 30-50% chance of Upward swings to the 7800-8400 Region, with 70-90% chance of Return to 7.5k region. 50-70% chance of 6.8k levels. Very Possible outcome of 6.5k-5.5k bottom in January. Expecting slow bullish momentum from Feb-May 2020 with a target of 9k-10k by May 2020. Keep in mind there's also the possibility of a SHTF scenario where we see rapid price swings between 10-6k, however i feel bitcoin's days of such insane volatility are slowing down until we see new all time highs. At which point they will return. Thank you for indulging my forecasts.
COINBASE:BTCUSD
by PigsGetSlaughtered
1
$6550 bottom in 3 days, then reversal - 5 month vs 5 year trendI have been posting these trend for a while now, we see an evident descending channel ever since $14k. The recent bounce firmly rejected 8k as resistance and then again was smacked down under even lower channel resistance and is primed to fall to ~$6550 bottom of channel over the next 3 days. In the event BTC falls to bottom of channel to bring this intersection into play within the next 3 days, $6550 is lowest we could see where as if BTC can stay off the bottom of channel the intersection may come later with a higher low. Of course with any surge in buying/selling there could be a brief run below support. In this chart, it is easy to see the 5 month descending channel and the 5 year ascending trend line are on path to collide soon, only one of those trends will hold. To me it makes much more sense that the 5 year trend will hold over the 5 month trend. We saw this on the crash from 21k as well where the (now) 5 year trend line held strong. I believe that we are about to see bottom and begin our ascent and break out from this 5 month descending channel of sadness. This that 5 year trend line holds, this will be bottom of market and the best possible entry point. In the event we break below the 5 year trend and turn it to resistance, I will post another analysis identifying potential downside but it wont be pretty at all. There is absolutely no reason for the 5 year trend not to hold, BTC and crypto have only gotten stronger since the last time this trend line was tested. The reversal is coming and I suspect my next post will be about validating the reversal. There is also a chance that we never test the 5 year trend and start the reversal from here and though possible, it seems improbable. Dont take my word for it, DYOR!
COINBASE:BTCUSDLong
by EncryptShawn
1
First Post/AnalysisHey guys, posting my first analysis on what I believe will happen within the next few days (December 3-4, 2019). I'm not sure if we are going to see a bullish or bearish market so I put arrows to represent both markets at the point of axis. I drew this triangle pattern a few days ago and it looks like the candle sticks are still forming inside the chart I drew, so I'm think I must be at least somewhat accurate, but I'm still waiting for some more conformation. All that I know for now (or at least believe), is that there will be a change in the trend either tomorrow or the next day, more specifically a bearish downtrend because of the descending triangle pattern shown on the graph. Am I right? Am I wrong? I guess we'll just have to wait and see. Keep in mind, this is what I think and you should ALWAYS do your own research. If you guys enjoyed this analysis in anyway then a like would be much appreciated and if you agree or disagree, let me know in the comments so we can all rise with the bulls. BEST OF LUCK :)
COINBASE:BTCUSD
by SeonP
1
BTC great support @ $8400, $5k downside, Market reversal in Dec?BTC was riding a 3 month descending channel and recently finally broke up out of channel but has since come back down to test support at the previous top of channel resistance. We are holding support right now and this pattern is also very much in line with what to expect on a break out, test support first, then run. This also could end up, yet again just being a new, slightly higher descending channel. There is a chance we could break back down into the old channel and bottom of that channel could be as low as $5k (improbably but possible) but we also see a lifeline of strong historic support at $7800. If we retain a descending channel or break downward to $7800, we are still facing a critical juncture in December around 12 or 19 December. The line you see intersecting the current trend line at this date is where we intersect with the overarching trend that started beginning of this year. If we come up off the trend line it could postpone that intersection. To go below that initial trend line is a strong signal of reversal of our nearly year long bull run. What we really need is for BTC to make it over $14k again so we can confirm the long term market overall as bull. Order books do not suggest we are in oversold territory yet which is usually accompanied by an increasingly positive MDR> vcdepth.io Overall I want to believe that BTC will hold this current support trend line but more so I want to believe we will not cross below the original trend line. I am bullish BTC though currently cautious. This is not investment advice, DYOR.
COINBASE:BTCUSD
by EncryptShawn
2
XRP momentum setup (end of 2019)Hello all! AS you can see, there is a descending triangle unfolding in front of our eyes, and the climax zone (red) is surely approaching. Momentum will arrive and all of our desires will come true..... Anyways, a solid breach over the yellow line in this triangle could set up a massive move to the upside. But, the whole setup is dependent on XRP holding above 0.25. If the price moves below 0.25, then a move down to around 0.12 could be very possible. But, at that price, people would buy like crazy and the price could gain a strong bullish reversal from there. If you pull up the XRP/USD poloniex chart, then you will see what I'm talking about. Bada
KRAKEN:XRPUSD
by badabing94
BTC USD COINBASE 12/2/2018 DAY TRADING.Isn't exciting that we are nearing the end of 2018. What a year. Loved to see the strong and long bearish BTC appear showing just how much interest it has picked up since last year. Loved seeing all of the drama and excitement emerging, all of the pessimism and also the knowledge. This BTC year is very important because it's the first big year with a huge data point. Prior years are gonna see like nothing but noise in the future to come. Funny though because those small volume years have such deep political drama and evolution of the crypto ecosystem within them. Hope you enjoy the video. Sorry for the length however if you want a short description: For day traders: looking at a high probability for keeping above 3999 as our bottom on the short term. Expect test and small reversal. Alt market looking iffy.
COINBASE:BTCUSDLong
by Altcoin_Ninjas
1