Posts Tagged ‘Bitcoin’

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Bitcoin Forecast — July 9th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 9th session. Bitcoin/USD — The trading session was slightly bullish fior bitoin on Wednesday session. As the greenback got hammered and gold broke above the $1,800 level, it makes sense that bitcoin has managed to gain a bit. The market is struggling to break above the $10,000 level, which is psychologically significant, and strong resistance. To the downside, the 50-day EMA, and the $9,000 […]

Bitcoin Forecast — July 6th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 6th session. Bitcoin/USD — The trading session has been quiet for several days in a row. The 50-day EMA is above the 200-day EMA indicating an uptrend. So, you should find plenty of support between these two moving averages. The $10,000 level is strong resistance and psychologically significant. Only a break down below the 200-day EMA is seen as very […]

Bitcoin Forecast — July 2nd 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 3rd session. Bitcoin/USD — The bitcoin market is looking to find support at the $9,000 level, the uptrend line, and the 50-day EMA. Bitcoin needs to overcome strong resistance at the $10,000 level, which is also psychologically significant. The next target could be the $12,000 level. Pullbacks have plenty of support extending down to the 200-day EMA. The $8,000 level is seen as the short-term […]

Bitcoin Forecast — June 30th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 30th session. Bitcoin/USD — The Monday session saw the bitcoin market to pull back a bit. However, the market recovered as the 50-day EMA, and the uptrend line offered support. The market ended up forming a hammer candlestick at the bottom of the ascending triangle pattern. To the upside, the $10,000 level is psychologically significant, and strong resistance. A break above this level is seen as a long-term move. […]

Bitcoin Forecast — June 29th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 29th session. Bitcoin/USD — The market is trading at the uptrend line of this ascending triangle pattern, which is confluent with the 50-day EMA. It looks like the market is building enough momentum to move to the upside. The $10,000 level above is psychologically significant and needs to be cleared for a long-term move to the upside. Further to the downside, the 200-day EMA will offer […]

Bitcoin Forecast — June 24th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 24th session. Bitcoin/USD — Bitcoin has given back some of the gains after a short bullish session on Tuesday. However, the Monday session saw the market to make an explosive move to the upside. The market has been trading inside this ascending triangle pattern. It looks like a pullback is coming. The 50-day EMA below will offer plenty of support. The market […]

Bitcoin Forecast — June 17th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 17th session. Bitcoin/USD — The market pulled back from the 50-day EMA and now once again trading inside this ascending triangle pattern. To the upside, the $10,000 level is psychologically significant, and strong resistance. The market needs to clear this level for a major move to the upside. Then it becomes a buy and hold situation. To the downside, the $8,000 level is seen as the short-term […]

Bitcoin Forecast — June 16th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 16th session. Bitcoin/USD — Bitcoin on Monday session, broke to the downside of this ascending triangle pattern. But the 50-day EMA offered strong support. As the Fed announced that it buys individual bonds of large companies, it caused the dollar to get crushed. You need to wait for a candle close above the $10,000 level, which is psychologically significant, for a long-term move […]

Bitcoin Forecast — June 15th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 15th session. Bitcoin/USD — As you can see on the daily chart, the market is trading inside this ascending triangle pattern. The Friday's trading session was very quiet. The risk appetite got crushed on Thursday. To the downside, the 50-day EMA looks supportive. Further to the downside, the 50% Fib retracement level will offer support. The $10,000 level is psychologically significant […]

Bitcoin Forecast — June 11th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 11th session. Bitcoin/USD — The $10,000 level is psychologically significant and is offering strong resistance at the moment. As you can see on the daily chart, this market has ended up forming an ascending triangle pattern. A daily candle close above the $10,000 level is very bullish and the next target is the #12,000 level. The next target could be the $15,000 […]

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