## WCN Episode Summary: Bitcoin Technical Analysis - 24 (2015-12-16)
This episode provided a dual analysis, covering global macroeconomic trends and the specific technical outlook for Bitcoin. The segment highlighted market indecision in the dollar and S&P 500, while maintaining a bullish long-term view for Bitcoin despite recent volatility.
Main Topics:
* Global Markets: Analysis of the EUR/USD pair, the VIX (which fell below 20), and the 10-year bond, suggesting that future rate hikes will be gradual.
* Macro Outlook: The Fed's stance suggests that low inflation numbers will not halt rate increases, which is viewed as potentially positive for commodities and emerging markets.
* Bitcoin Technicals: Despite recent volatility, five-year weekly charts remain bullish. Key technical indicators include a significant increase in the Bitcoin hash rate and anticipation of a major difficulty adjustment.
* Trading Strategy: Watch for consolidation above the 440 area on the four-hour chart.
Key Quotes:
* "Low inflation numbers would not stop rate increases." (Indicating a potential positive for commodities.)
* "The S&P 500 remains bullish but is range-bound until it breaks previous highs."
* "Watching for consolidation above the 440 area on the four-hour chart."
People Mentioned:
* The Fed
* Janet Yellen
Bitcoin Price:
* No specific price was mentioned, but a key technical level of 440 was highlighted for consolidation.