A1 Trading Company

Ticker tape by TradingView

December 14, 2021

Is The Bitcoin/Crypto Rally About To Return?

Frank Cabibi

12/14/2021

The month of November was very poor for bitcoin and the other altcoins as bitcoin's market cap fell by over 30%. Now that we are in the middle of December, indicators suggest that it could be time for yet another crypto rally cycle.

Our outlook

It appears that every month switches sentiment in this market as August was bullish, September was bearish, then back to bullishness in October, and further downside in November. So far in December, price hasn't really moved much in either direction, but there could be a few catalysts that take price back up to the highs again. CPI increased 6.8% which caused a big concern to the stock market and the USD as inflation fears begin to rise again. Further, bitcoin has hit a major support level that could help turn things around for the market. And to mention, 90% of BTC's supply has now been mined, meaning the store of value is nearing peak demand.

Trade Setups

BTCUSD

Taking a look on the 1D chart, price has come all the way down (>30% from the highs in November) and is now touching its 200 DMA. There are several other candles that have tested this level but could never close underneath. This is a good sign for the crypto as the coin has the potential to bounce back from these lows.

A1 Edgefinder

Smart Money Tracker
See where big money is flowing with the A1 Edgefinder's smart money tracker! With one click, see where the biggest money flows are entering and exiting through COT data.

10% off code: 'READER'

GET ACCESS NOW

VIP discord

Trade Alerts, Strategies, Chatrooms & more!

10% off code: 'READER'

LEARN MORE
What To Take Away From Powell's Remarks

Today, Fed chairman Jerome Powell spoke on the labor market and inflation. While we don't know what the future holds for the equities and currency market, we can derive certain conclusions from investors' interpretations. Here are some powerful takeaways from Powell's remarks this afternoon. Key takeaways Market Impact This caused the dollar and equities to […]

Read More
What To Expect From Today's FOMC

Today at 2:00 pm EST, the Fed will announce their latest interest rate decision. Estimates suggest a smaller hike of 25 basis points this time around. Here are some things to consider before the FOMC decision later today: The Fed has struggled to tighten their grip on inflation without causing too much disturbance in the […]

Read More
The Art of Not Trading

With the holiday season lingering on and a new year on the cusp of arrival, traders may glance at the calendar and notice there is not much economic news to anticipate on Friday to cap off a light week. In situations like these where there can be lulls in bullish and bearish momentum due to […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptopmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram