Posts Tagged ‘Bitcoin’

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Bitcoin Forecast — September 30th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 30th session. Bitcoin/USD — The market saw a slight pullback on Friday session, as the $11,000 level is offering strong resistance at the moment. Though US dollar also lost ground during the session, bitcoin failed to gain from this. The $12,000 level is the next major resistance. The $9,000 level is the support below. In the meantime, this market could likely consolidate […]

Bitcoin Forecast — September 24th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 24th session. Bitcoin/USD — There is a US dollar strengthening at the moment and this caused the bitcoin to fall a bit on Wednesday session. The next support comes at the $10,000 level. A breakdown below this level, then the 200-day EMA will come into play. Pay attention to the US dollar index. The US dollar is seen as the fundamental driver behind bitcoin at the moment.

Bitcoin Forecast — September 23rd 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 23rd session. Bitcoin/USD — The market rallied initially on Tuesday session and then dropped again. To the downside, the 50-day EMA, and the $10,000 level are supportive. So, pullbacks are going to be supportive. Pay attention to the US dollar index. The US dollar is seen as the fundamental driver for bitcoin. You need to see a candle close above the $12,000 level for a long-term move […]

Bitcoin Forecast — September 22nd 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 22nd session. Bitcoin/USD — The $11,000 level now looks psychologically significant and is offering strong resistance. At the moment, the US dollar is strengthening against everything. The next support could be located at the $10,000 level. So, fading short-term rallies that show signs of exhaustion could work at the moment. A breakdown below the $10,000 level is bearish and the 200-day EMA […]

Bitcoin Forecast — September 21st 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 21st session. Bitcoin/USD — The Friday session saw bitcoin to pullback a bit. The $11,000 level looks psychologically important and could offer strong resistance. Hence, a break above this level is significant. The US dollar is seen as the main driver behind bitcoin. A breakdown below the 50-day EMA is very bearish and the next support could be located at the $10,000 […]

Bitcoin Forecast — September 17th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 17th session. Bitcoin/USD — The $11,000 level is being tested for resistance. A candle close above this level is bullish So, the $12,000 level would be your next target. To the downside, the 50-day EMA, and the $10,000 level will be supportive. A break down below the 200-day EMA would be very bearish for bitcoin. However, the upside looks more […]

Bitcoin Forecast — September 16th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 16th session. Bitcoin/USD — Bitcoin rallied a bit on Tuesday session and is now testing the $11,000 level for resistance. This candlestick could end up being a shooting star. Also, the US dollar was trying to strengthen during the session, which could work against bitcoin. The next support comes at the 50-day EMA. The $10,000 level is seen as the short-term floor […]

Bitcoin Forecast — September 10th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 10th session. Bitcoin/USD — The market is testing the $10,000 level for support at the moment. The $10,000 level looks psychologically significant for bitcoin. However, the area below this level and extending down to the $9,000 level is supportive. The market could slowly grind its way upwards towards the $12,000 level. Hence, dips are buying opportunities at the moment. Trading bitcoin through […]

Bitcoin Forecast — September 8th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 8th session. Bitcoin/USD — Bitcoin is currently testing the $10,000 level for support. So, a bounce looks likely at the moment. This market is currently influenced by the US dollar as the fundamental driver. The Fed is flooding the market with liquidity. If the US dollar falls in value, then bitcoin should rally. As long as the $10,000 level holds, pullbacks are buying […]

Bitcoin Forecast — September 7th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 7th session. Bitcoin/USD — Bitcoin is testing the $10,000 level for support. This level was previously resistance and now should act like support. Also, it is psychologically significant. The US dollar is the main driver behind bitcoin. If the US dollar falls, then bitcoin should rise. A breakdown below the $10,000 level is significant and the next […]

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