In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the March 19th session.
Bitcoin/USD — The Monday session was slightly bullish for bitcoin, as the market broke above 4,000, and then fell back to form a shooting star candlestick on the daily chart. The 4,000 to 4,500 level is the zone of resistance. You can hope that the 50-day EMA below will continue to offer support. The 3,500 is the bottom of this consolidation zone. This looks like an accumulation period for bitcoin. The market needs some kind of catalyst to make a big move to the upside. Right now, scalpers can take advantage of this market.