Posts Tagged ‘Bitcoin’

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Bitcoin Forecast — February 12th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 12th session. Bitcoin/USD — Bitcoin rallied again on Thursday session. Recently, Tesla announced that it would accept Bitcoin as payment, which gave bitcoin a significant boost. Now, the $50,000 level is seen as the psychological resistance. A break above this level is very significant. To the downside, pullbacks towards the $40,000 level are seen as buying opportunities at the moment.

Bitcoin Forecast — February 11th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 11th session. Bitcoin/USD — Bitcoin exploded to the upside on Tuesday session. It was followed by another bullish trading session on Wednesday. This was after the announcement by Tesla to accept bitcoin as payment. The measured objective of this bull flag pattern comes at the $50,000 level. However, it looks like this market needs a little pullback. So, pullbacks are buying […]

Bitcoin Forecast — February 10th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 10th session. Bitcoin/USD — Bitcoin broke above the $45,000 level on Tuesday session. The measured objective of this bullish flag pattern comes at the $50,000 level. So, this level could be the next target for bitcoin. There are headlines on Tesla accepting bitcoin as payment. The $40,000 level should act like floor in this market. Clearly, bitcoin is in an uptrend […]

Bitcoin Forecast — February 9th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 9th session. Bitcoin/USD — Bitcoin exploded to the upside on Monday session testing the $45,000 level, which could be psychological resistance at the moment. The $40,000 level below could now act like support, according to classical technical analysis. There are headlines on Tesla investing in bitcoin. The measured objective of this bullish flag pattern comes at the $50,000 level. The absolute floor […]

Bitcoin Forecast — February 8th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 8th session. Bitcoin/USD — The trading session was quiet on Friday session. It was a rough day for the US dollar, but bitcoin was quiet. It looks like this market could experience another pullback. However, selling bitcoin is not recommended at the moment. The $35,000 level could be a short-term floor in this market. This market made […]

What Is Cryptocurrency? — Explained

The cryptocurrencies have become a global phenomenon today and is used widely across the globe. In 2018, many major banks, software companies, etc. started researching on the blockchain concept. Bitcoin was developed by Satoshi in 2018, meant to be used for peer to peer electronic system. The idea behind bitcoin was to prevent double spending. So, transactions are needed to be verified on a network. There exists no central exchange and based on peer-to-peer […]

Bitcoin Forecast — February 5th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 5th session. Bitcoin/USD — Bitcoin saw a sideways price action on Thursday session. However, it ended up forming a shooting star candlestick, as you can see on the daily chart. After this parabolic move, it looks like this market needs a correction. To the downside, the 50-day EMA looks supportive. So, pullbacks are buying opportunities at the moment. The break […]

Bitcoin Forecast — February 4th 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 4th session. Bitcoin/USD — The bitcoin market was testing the $37,000 level for resistance on Wednesday session. The $30,000 level could be a short-term floor in this market. As you can see on the daily chart, you can make an argument for a bullish flag pattern. The measured objective of this pattern comes at the $50,000 level. The 50-day EMA below could be the next support. […]

Bitcoin Forecast — February 3rd 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 3rd session. Bitcoin/USD — You can make an argument for a bull flag pattern, which is a positive sign for bitcoin. The measured objective comes at the $57,000 level. You have a shooting star candlestick formed just below the $40,000 level. So, pullback looks inevitable. It is interesting to note that bitcoin rallied though the US dollar strengthened. So, […]

Bitcoin Forecast — February 2nd 2021

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 2nd session. Bitcoin/USD — The trading session was slightly bearish on Monday, forming a shooting star candlestick, as you can see on the daily chart. The $35,000 level could be pivotal in the coming days. So, it looks likely that this market could see a sideways price action. This market is still in an uptrend. However, it needs a correction […]

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