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Christmas

Will History Repeat itself ? BITCOIN Christmas Tree Pattern!Merry Christmas Everyone! and hope 2021 will be the best of luck! I want to thank each and every one of you for supporting me this year, and I promise to keep pushing forward... If you like the idea, do not forget to support with a like and follow. This Christmas pattern is just for fun but at the same time may be relevant to the current situation. Will history repeat itself this Christmas. Let's see how it goes! As per my last Bitcoin video analysis, I mentioned that price is approaching a strong round number 25k so we will be looking for sell setups. but that doesn't mean that we should sell now, we will be looking for sell setups on lower timeframes, with extra confirmation and trigger. (or whatever suits your trading plan) Good luck everyone and thank you once again. Have a blessed season!
COINBASE:BTCUSDShort
by TheSignalyst
122
Nifty 5th Wave, The End of MadnessFifth wave extensions are the most difficult to count – because when you are in a 5th wave extension, you may be considering a lot of other possibilities — and when the pattern just keeps going up in a straight line for multiple days in a row – it’s difficult to count. But then when you step back and look at it holistically, it makes much more sense. So whenever you begin with an A-B-1-2 and then it goes straight up from there. Also, it happens to keep in mind the time frame. For example, a Santa Rally – just a few days before Christmas — could experience a prolonged upward movement — even beyond supposed resistance zones. The market will just blast right through those–until the last 15 minutes of Christmas eve — when it finally finalizes the fifth wave extension and the Santa Rally is over. *https://lifestyletrading101.com/elliott-wave-3rd-and-5th-wave-extensions/
NSE:NIFTYLong
by ayush.aggrwl
Cheap bitcoin for Christmas?Bitcoin has had a meteoric rise from the ashes this year. It tanked hard with the Corona dump, but has since then had amazing move after amazing move. The most recent move however has pushed bitcoin well into oversold territory. The FOMO so far has kept it from dumping in any meaningful way over the last couple months. Sure we had a double digit pullback recently, but nothing like we saw in the last bull run. We are due for a 30%+ pullback in my opinion. Based on previous patterns, I believe we are due for a short term dump close to Christmas. I wouldn't be surprised if we saw another short pump up to and past 20K, but it would likely be short lived and trap longs. The past is not a guarantee of the future but it does provide some insight of what may be coming.
COINBASE:BTCUSDShort
by mwinmill
1
BTC dominance TA: Altseason is closeThe sentiment in the crypto market is that many altcoins are dying and liquidity is flowing into bitcoin. Now is a great time to switch from bitcoin to altcoins. The bitcoin dominance chart is facing great resistance. At 5 moments in the graph, this level was held as support or resistance. The trend line of a rising bitcoin dominance is common in a bear market. However, we are now in a bull market and have broken this rising trend line. I do not expect a retest of the trendline but a rejection of approximately 63.5 dominance and heading down towards the 0.618 Feb retracement in the macro trend. The rising wedge on the rsi also indicates a reversal and has also encountered resistance. The bitcoin dominance also forms a head and shoulders pattern which is a reversal pattern to the downside. Bitcoin takes time to consolidate after a time of fierce price action before it has the strength to break 13880.
CRYPTOCAP:BTC.DShort
by LongtheCorn
1
Pressure on pound intensifies & apocalypseDespite the Christmas holidays and general calm in the forex market, the pound is dropping. Going below 1.30 is a very bad sign, but given the importance of the level zone 1.2950-1.3000, there is a serious risk of a full-fledged downward to 1.20. If the markets continue to believe in the impossibility of signing a trade agreement between the EU and the UK until the end of 2020, then exactly 1.20 is the mark to which the pound will be lead. Our position on the pound is unchanged: a critical reason for a “soft” Brexit is available and it will be extremely illogical to cross out the results of the efforts of the last three years at the last moment. So, in the medium-term purchase, buying pounds with each 100-point drop makes it more attractive, as the risk level is decreasing and the profit potential is growing. As for intraday trading, while the pound is below 1.30, bears control the situation. Accordingly, there is no desire to go against the market. Therefore, while the pound is below 1.30, we will trade on the intraday basis in both directions. Note that in the “thin” market, taking important levels is often false, so you should be prepared for a turn at any time. Now most pairs have quite interesting entry points. EURUSD, for example, a purchase from support 1.1070-80 with stops below 1.1040 and profits in the region of 1.1150 seems to be a very balanced trade (30-80 risk points account for 70-80 points of potential profit). USDJPY: all bull attempts to gain above 109.50-60 failed 2 times in a row. And if so, then it seems logical to decline to 108.50 region. That makes it possible to open a profitable position. Sale from 109.50 with stops above 109.80-90 and profits of about 108.50-60. The ratio of profit to risk is almost 3 to 1. Let’s back to the information background. World Bank experts frighten of the scale of the new crisis (debt crisis): the debt burden is growing rapidly, both in the private and public sectors, and this is happening not in individual regions, but around the world at the same time. The undisputed leader is China so that it can become the epicentre of global problems. We have been waiting for a crisis for a long time and every day its probability, in our opinion, is becoming higher. So buying safe-haven assets continues to be one of our favourite trading ideas.
Short
by Trade24Fx