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Christmas

Could christmas signal a turning point for bitcoin?DISCLAIMER: this idea might be far fetched ;) Hello everyone, I have received multiple emails from different bitcoin wallets and exchanges outlining their christams order processing schedual due to the bank holidays. I think this, and the fact that more inexperienced traders are on the markets during christmas time (due to public holidays), could lead to strong volatility and maybe signal a change of direction for Bitcoin which would enable altcoins to grow rapidly. Also, bitcoin is already fairly overbought. I expect many people to want to cash in their profits from this year between christmas and new year, I know this idea is fairly baseless but none the less I have gone in to altcoins (also due to other reaseons of course). I believe that 2018 will be the year of altcoins! Have a wonderful sunday! Sven
by SvenBruening
I'm Dreaming of a Red ChristmasFor the past 2 years, the holiday season (not exactly Christmas day, but near to it) has offered rock-bottom prices for alts. This chart shows 5 of the major alts (ones with enough volume and history to chart this far back) against BTC. If history repeats itself, and they come down to meet my green arrow, it should offer an OTE on a wide array of altcoins. However, the yellow, or red fib lines may be all we get due to the increased market activity this year. But the depression caused by most of the market being on holiday, needing money for presents, and simply not paying attention means it should offer good long entries across the board regardless of the surrounding circumstances.
by kristarling
8
Looking for position to go short? lets have a look.Wait for pullback. I think the oil is going lower, And why not getting some money for your wife's christmas gift? :) We wait for the price testing the trend. If it wants to go through EMA and trendline, set your entry-price (for short) at the place the price went trough the EMA. And wait wait for the price going back. We see a example at the first lightblue square . The price went back very fast! Ask if any questions! Regards Frederik
FX:USOIL
by Tradingglen
Bitcoin in Christmas time, upward trend, but after a correction.This is my approximate bitcoin forecast for Christmas time. It is based on chanels and barrier levels (supports and resistances). Short term it will finish the current thin channel upwards, at about 450 or few more before mid december. Then it should correct the last rise to touch the base of the next greater channel. It could be between 400 and the current price, 416. Before crossing this channel down it will develop a last try upwards, higher than the previous one but not much more. A good level for it would be about 460. That point would be dangerous, as it should be the start of a greater correction, just the week before Christmas time. So about Christmas night or before there would be a minimum, good opportunity to get a bull position, as the big trend continues to be bullish, at least until year end or a few days later, with probable levels greater than 600, maybe much more if the rally is strong. in which case the big channel could be crossed up to greater levels than 2 years ago, over 2000.
BITSTAMP:BTCUSDLong
by enriquesl
2
Waiting for Santa...This market has been god awful boring (for Bitcoin that is) for quite a while. Quite frankly I have not been charting it as much during these past few months. I think my brain has just drained all the TA information as I picked up such terms as float, degree of operating leverage, days sales outstanding, covenant et. al. In any case, Bitcoin seems to be just about as active as I am in charting. Sure a little volatility here and a price spike there, but there is no definitive trend to be seen in sight for the near term. Now, what I really want this Christmas is for Santa to come down the chimney, hack onto people's laptops; phones and desktops and start buying up some Bitcoin. Lol, like that will ever happen... one can only dream right? The more realistic scenario is giving through the tunnel of tranquility. I think Bitcoin wants us all to take some time off away from the charts. Then while we are not looking... BAM, it roars back to life. Indicators * PSAR - for now it says SELL, but I think it will turn around here soon if we keep on cruising at the same speed down this highway. * RSI - As I said on the chart it seems it has never quite hit Overbought for very long. Seems to be that we have acquired some unsure badgers. * Stoch - Does what it wants and says it wants to go down again. Likely will but it already is below 50 with moves that are hardly budging that I do not expect any more movement down that is significant. I guess the targets are on the chart. IDK I sort of half @$$ them. On the very short term I see 347 being a target or at least the body of a candle. I also got a little bored and decided to draw Santa in a sleigh. Merry Christmas (or Happy whatever you celebrate) and Happy New Year. I'll be going over some TA again as I think it dissolved from my brain while I was away.
BITSTAMP:BTCUSD
by ItisCalvin