Posts Tagged ‘Bitcoin’

Random video

Archives

Bitcoin Forecast — December 5th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 5th session. Bitcoin/USD — The market rallied slightly on Wednesday session, up about 2%. However, it ran into an area of resistance. The measured objective of this descending triangle pattern comes at the $5,000 level. So, you can look for signs of weakness to sell bitcoin at the moment. Only a candle close above the $10,000 level can be considered bullish. However, […]

Bitcoin Forecast — December 2nd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 2nd session. Bitcoin/USD — The market is now trading below the 200-day EMA. The measured objective of the descending triangle pattern comes at the $5,000 level. So, you can look for any signs of weakness in this market, and sell rallies at the moment. Bitcoin market looks very bearish at the moment. We will continue to see weakness in this market and fading price action […]

Bitcoin Forecast — November 26th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 26th session. Bitcoin/USD — Though the market fell hard on Monday session, it bounced later to from a hammer candlestick, as you can see on the daily chart. The market is now trading below the 200-day EMA. The measured objective of the descending triangle pattern comes at the $5,000 level. So, bounces that show signs of weakness are to be seen as selling opportunities.

Bitcoin Forecast — November 25th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 25th session. Bitcoin/USD — Bitcoin fell on Friday session strongly, about 6%. Bitcoin rallied recently from these lows due to headlines on Chinese support for blockchain technology. The measured objective of this descending triangle pattern comes at the $5,000 level. So, you need to see a candle close below these lows for a sell signal. At the moment, bitcoin market looks […]

Bitcoin Forecast — November 22nd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 22nd session. Bitcoin/USD — Bitcoin is falling towards the base of this descending triangle pattern. Buying bitcoin is difficult at the moment. Fiat currencies are depreciating in value at the moment due to the actions of central banks like rate cut and easing. The market will find resistance above from both the 50-day EMA and the 200-day EMA. The measured objective of the descending triangle […]

Bitcoin Forecast — November 15th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 15th session. Bitcoin/USD — The trading session was slightly bearish on Wednesday session. It looks like bitcoin could consolidate between the 50-day EMA and the 200-day EMA. The measured objective of this descending triangle pattern comes at the $5,000 level. Only a daily candle close above the $10,000 level is considered as bullish for bitcoin. So, it is time to look […]

Bitcoin Forecast — November 14th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 14th session. Bitcoin/USD — Bitcoin is falling now, after testing this area for resistance. The measured objective of the descending triangle pattern comes at the $5,000 level. To the downside, the 200-day EMA could offer some support. Also, you can make an argument for a downward sloping channel. Things look bearish for bitcoin. The market needs a strong catalyst to make a move to the upside. […]

Bitcoin Forecast — November 13th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 12th session. Bitcoin/USD — The trading sessions have been quiet since the beginning of this week. You need to see a candle close above the $10,000 level to buy bitcoin. But the market needs a strong catalyst to make a move to the upside. The measured objective of the descending triangle pattern comes at the $5,000 level. The market is now retesting after breaking to the downside of this […]

Bitcoin Forecast — November 12th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 12th session. Bitcoin/USD — The Monday session saw the market to rally a bit, but then rolled over as the 50-day EMA offered resistance. The measured objective of the descending triangle pattern comes at the $5,000 level. So, rallies that show signs of weakness are to be seen as selling opportunities. Only a daily candle close above the $10,000 level can be considered […]

Bitcoin Forecast — November 11th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 11th session. Bitcoin/USD — Bitcoin fell strongly on Friday session, about 4.5%. Now, the 50-day EMA could offer resistance. The measured objective of the descending triangle pattern comes at the $5,000 level. Only a daily candle close above the $10,000 level can convince the investors to buy bitcoin at the moment, as bitcoin is facing lots of resistance. So, you can use […]

Navigation

Menu