Christmas, children, is not a date. It is a state of mind.
— Mary Ellen Chase
A very merry Christmas
Allow us to wish you all a very merry Christmas!
May your hearts and homes be filled with all of the joys the festive season brings.
Let us remember to take time to slow down, enjoy the simple things, recharge and be thankful for those around us.
Wishing you much happiness not just today, but throughout the New Year.
-Dmitriy & Kunyi
We’re beginning to enter some very interesting times for Bitcoin and crypto so I’m bringing back the Market Sentiment (Example of what it will look like at the end of this letter).
It will be included once a week with the free Weekly Bulletin.
I need your help deciding
I’m contemplating whether or not I should send it out daily to subscribers (I’m thinking 5 times a week, usually before noon EST time).
This would be in addition to the regular letters.
If you’re a subscriber and would like to start receiving the Market Sentiment, mention it in our Telegram chat, or feel free to just shoot me a one word email.
If you’re not a subscriber, I’m giving you 50% off our subscription so you can support CoinSheet and receive the Market Sentiment daily. (So it’s only $5/m)
It won’t be $5/m for much longer.
Bitcoin (Daily Overview)
Didn’t quite make it to the 50-SMA, but we did have a rejection.
Bitcoin (4h Volume)
(We’ll highlight any price/volume divergences we see)
Bitcoin (4h Oscillators)
Bitcoin (4h Support/Resistance Levels)
Bitcoin (Macro Overview)
Below are the 3 most common scenarios I’ve seen being discussed for a Bitcoin bottom.
Option 1: Fractals analysis bottom (2,300 - 2,600)
Option 2: Fib extension bottom (1,700 - 1,900)
Option 3: Retest support of 2017 rally bottom (900 - 1,200)