Posts Tagged ‘Bitcoin’

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Bitcoin Forecast — January 22nd 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 22nd session. Bitcoin/USD — After this massive parabolic move, the market saw a 40% drop. Now, it looks like this market needs a pullback. The $40,000 level looks like psychological resistance. The $30,000 level could be the floor of this descending triangle pattern as you can see on the daily chart. At the moment, the stimulus talks are dominating the headlines. […]

Bitcoin Forecast — January 20th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 20th session. Bitcoin/USD — The market saw a sideways price action on Tuesday. It looks like this market is trying to digest the gains after this massive parabolic move. As you can see on the daily chart, you can make an argument for a symmetric triangle pattern. The $30,000 level is a good area of support. A breakdown below this level is […]

Gold Forecast — January 19th 2021

In this video, the Trader Guy looks at the commodity, gold for the  January 19th session. Gold/USD — The market saw a strong pullback on Monday session. However, the volume was an issue due to the holiday in the US. The 50-day EMA and the $1,870 level could offer resistance. You need to see gold rally strongly to the upside and then you can take a long position. Pay attention to the headlines on stimulus in the US.

Bitcoin Forecast — January 19th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 19th session. Bitcoin/USD — Bitcoin saw a sideways price action on Monday. This was due to the Martin Luther King Jr. Day holiday in the US. So, volume was a little bit of an issue. At the moment, this market needs a pullback, after this parabolic move. It is better to wait for pullbacks at much lower levels, and use them as buying opportunities. […]

Bitcoin Forecast — January 18th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 18th session. Bitcoin/USD — The trading session was slightly bearish on Friday as the $35,000 level was tested for support. The next support could come at the $30,000 level. The market was very parabolic and now it looks like this market needs a pullback. The $40,000 level is seen as the psychological resistance. The US dollar is going to be the fundamental driver behind […]

Bitcoin Forecast — January 14th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 14th session. Bitcoin/USD — Bitcoin initially pulled back on Wednesday session and broke above the $35,000 level. it is a positive sign. After a parabolic move, then market fell significantly. So, it looks like the market is trying to stabilize at the moment. So, it is wait for pullbacks at lower levels, and use them as buying opportunities. To the downside, the $30,000 […]

Bitcoin Forecast — January 13th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 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 […]

Bitcoin Forecast — January 12th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 12th session. Bitcoin/USD — Lately, the bitcoin market has been very parabolic. However, bitcoin got hammered on Monday session. It was down by 21% and reached the $30,000 level to find support there and bounced. It is better to wait for pullbacks and buy bitcoin at much lower levels. This market is still in an uptrend. The $20,000 level could be […]

Bitcoin Forecast — January 11th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 11th session. Bitcoin/USD — At some point, the market reached the $42,000 level, and then fell towards the $37,000 level on Friday session. So, the trading session was very volatile. This is also a sign of weakness after this parabolic move. So, a pullback looks likely at the moment. It is better to wait for pullbacks at much lower levels. To the downside, the $30,000 […]

Bitcoin Forecast — January 8th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspJanuary 8th session. Bitcoin/USD — Bitcoin hit the $40,000 level on Thursday session. This looks very parabolic at the moment. Hence, it is better to be cautious, wait for pullbacks, and buy at lower levels. A lot of this is due to the possibility of a stimulus in the US and the institutions are trying to front run this situation. You should expect the $30,000 level to be next […]

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