December Trap: This Indicator Predicts It - Bitcoin Today

December Trap: This Indicator Predicts It - Bitcoin Today

Welcome to The Trading Parrot! In this episode, recorded on December 2nd, we dive deep into the essential candle close forecasts for both weekly and monthly trends, and present a comprehensive analysis with the CPR monthly chart. We compare current trends to patterns observed in 2020, discuss the next potential liquidation levels, examine Delta and selling walls, and more. Additionally, we touch on key economic events like the manufacturing PMI and the Fed's upcoming announcements. Detailed insights into Bitcoin's behavior on different exchanges, RSI trends, and liquidity pools are provided, along with the unique seasonality of retail investor behavior. Don't miss out on the practical trading advice and forecasts influenced by historic market data.

00:00 Introduction and Overview
00:18 CPR Monthly Analysis and Market Trends
02:15 Economic Calendar and Market Volatility
05:16 Price Action and Technical Analysis
11:35 Retail Market Dynamics and Predictions
21:54 CPR Monthly Forecast for December
29:26 Altcoin Season and Exchange Promotions
30:55 Conclusion and Final Thoughts

#BTCUSDT #BTCNews #Bitcoin2024 #btc #BITCOIN #technicalanalysis #crypto

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⚠️ *DISCLAIMER*
This video is not intended for UK/US residents.
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.