Posts Tagged ‘Bitcoin’

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Bitcoin Forecast — July 15th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 15th session. Bitcoin/USD — The Friday session was slightly bullish as the market is hovering around the $12,000 level. This market currently, looks range bound between the $10,000 and the $14,000 level. The market has formed a lower high. Also, it is interesting to note that this hammer candlestick on the daily chart was formed above the top of this ascending […]

Bitcoin Forecast — July 12th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 12th session. Bitcoin/USD — The Thursday session was slightly bearish for bitcoin. It looks like the market is range bound and trying to build up enough momentum to make it again to the upside. So, buying on dips is the way to trade this market at the moment. To the upside, the $15,000 is the target.

Bitcoin Forecast — July 11th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 11th session. Bitcoin/USD — The market rallied initially on Wednesday session, but then fell back to form a shooting star candlestick on the daily chart. So, it looks like the market is going to pull back a bit. To the downside, the $10,000 level looks supportive. Only a break below the 50-day EMA is bearish. This market cooks overbought and could remain […]

Bitcoin Forecast — July 8th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 8th session. Bitcoin/USD — The market was initially bearish on Friday session, but bounced off strongly after finding support at the $10,000 level. The jobs numbers released from the US were stronger than expected, causing the greenback to strengthen a bit. It brought the selling pressure into this market. The Fed indicated that it will go with the rate […]

The Economics of Hodling ("Hold" Typo Meme) Bitcoin and Cryptocurrencies Explained in One Minute

The term HODL in the cryptocurrency world refers to buy and hold. This term came into use after a cryptocurrency investor misspelled the term hold for hodl in a discussion forum. Since then, it became popular as hodling instead of holding. There are both advantages and disadvantages using this type of strategy. The advantages are as follows. The investors who invested their money in bitcoin during 2014 before the big bullish phase, could have […]

Bitcoin Forecast — July 5th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 5th session. Bitcoin/USD — The bitcoin market once again rallied on Thursday session, but it was a low volume session, as it was the Independence Day in the US. Now, the investors are awaiting the jobs numbers from the US. But it is not going to have major impact on this market. It is interesting to note that this hammer […]

Bitcoin Forecast — July 4th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 4th session. Bitcoin/USD — The Wednesday session saw the market to rally slightly, The Tuesday session formed a hammer candlestick on the daily chart, right above the top of the ascending price channel. So, this looks like a nice buying opportunity. Today is seen as a low volume session, as the US is celebrating the Independence Day. To the upside, the market could reach up to the $14,000 […]

Bitcoin Forecast — July 3rd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 3rd session. Bitcoin/USD — Bitcoin on Tuesday session, fell strongly, but found strong support underneath to form a hammer candlestick on the daily chart. The market has found just above the top of this ascending price channel. So, this looks like a nice buying opportunity, and you can target the $12,000 level to the upside. To the downside, the $10,000 level will offer […]

Bitcoin Forecast — July 1st 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 1st session. Bitcoin/USD — After a sell-off, the market rallied on Friday session showing signs of strength. However, the Friday session was very choppy, and you need to be careful when trading this type of trading situation. The market was very parabolic and now it makes sense that it is trying to pull back at the moment. To the downside, the 10,000 level […]

Bitcoin Forecast — June 28th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 28th session. Bitcoin/USD — The Thursday session was bearish for bitcoin as it experienced a strong selling pressure. This was already expected as the market was parabolic for quite some time. Now, the market will try to locate support close to the 10,000 level. So, pullbacks are going to be buying opportunities on signs of a supportive candlestick like a hammer on the daily chart. […]

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