Posts Tagged ‘Bitcoin’

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Bitcoin Forecast — May 17th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 17th session. Bitcoin/USD — The Thursday session saw the market to pull back a bit initially, but then rolled over. It looks like the market has undergone a trend change. However, the market has been parabolic lately. So, please be aware of that. The 6,000 level below looks supportive enough. So, you should treat pullbacks as value […]

Bitcoin Forecast — May 16th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 16th session. Bitcoin/USD — The Wednesday session was also strongly bullish. The Tuesday session was bearish and the market formed a shooting star candlestick, as you can see on the daily chart. So, it indicates the market could pull back a bit looking for support. The market has been parabolic in the recent days. So, keep that in mind. The 50-day EMA has […]

Bitcoin Forecast — May 15th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 15th session. Bitcoin/USD — The market made a strong bullish move on Tuesday session forming a shooting star candlestick right below the 8,000 level. So, it looks like market could pull back a bit and look for support. So, you can buy pullbacks at the moment as they could offer value. The 50-day EMA has crossed above the 200-day EMA. […]

Bitcoin Forecast — May 13th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 13th session. Bitcoin/USD — The Friday session was significant as the market broke above the 6,000 level, indicating how strong this market is at the moment. The market now needs to clear resistance at 6,500. According to classic technical analysis, this chart tells of the possibility that this market will go much higher. So, buying on dips is the way to play […]

Bitcoin Forecast — May 8th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 8th session. Bitcoin/USD — The Tuesday session was very bullish for bitcoin, as it has now reached the 6,000 level. This level has been significant resistance. So, the market could try to pull back from here to locate support below. So, the market could build up enough momentum to break to the upside. The 50-period EMA below looks supportive. […]

Bitcoin Forecast — May 6th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 6th session. Bitcoin/USD — The market made a strong bullish move towards the top of this ascending channel. So, the market could be experiencing a pullback looking for support. The market could build up enough momentum to break to the upside of this channel. To the upside, the 6,000 level is the target. Both the 200-day EMA and the 5,000 level could offer support. So, pullbacks […]

Bitcoin Forecast — May 2nd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 2nd session. Bitcoin/USD — Currently, bitcoin is trading within an ascending price channel. The 5,000 level and the 200-day EMA are offering support. Any break down from here, the 50-day EMA is below to offer support. To the upside, the 6,000 level is the target, which is strong resistance. Selling is not recommended at the moment. It looks like […]

Bitcoin Forecast — May 1st 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 1st session. Bitcoin/USD — The market rallied on Tuesday session, up by 2%., as it broke above the top of the inverted hammer candlestick. The market could break above this ascending price channel. However, the 5,500 level could offer resistance. The 200-day EMA below looks supportive. The market is seeing the volume to increase these days. The market needs to deal with […]

Bitcoin Forecast — April 29th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 29th session. Bitcoin/USD — The market experienced a strong sell-off on Friday session looking for support at this little uptrend line. The 200-day EMA and the 5,000 level look supportive. Only after a break below the 50-day EMA, this market can be considered bearish. To the upside, the 6,000 level is the target. So, you can utilize pullbacks as value at the moment.

Bitcoin Forecast — April 25th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 25th session. Bitcoin/USD — The trading session on Wednesday saw the market to pull back a bit. It is now looking for support at the broken resistance level, as this ascending triangle pattern is broken to the upside. The 200-day EMA is below and it could offer support. Also, the 50-day EMA could offer support. The next target to the upside is 6,000, which […]

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