In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 13th session.
Bitcoin/USD — Bitcoin saw a sideways price action on Tuesday session and is trading under the $35,000 level. The market has been very parabolic and has fallen significantly. So, this market could experience choppiness for a while. This bearish candlestick from Tuesday session indicates that this market could go lower. To the downside, the $30,000 level could be supportive and the next support comes at the 50-day EMA. This market could slowly grind its way to the downside and then you can expect buyers to come in to this market. So, it is better tp buy pullbacks at much lower levels.