Posts Tagged ‘Cryptocurrency’

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 20th session. Bitcoin/USD — As you can see, we have infact rallied against the dollar slightly. It is about 1%. I think the 9,000 level will be targeted, If we can break above 8,400. Otherwise, I think we are looking at more consolidation. A breakdown below 7,800 leads the way to 7,5000, and then maybe 7,000. A break […]

Though the crude market did not go higher, oil prices have been holding at highs. The Brent Crude Benchmark came off the mark of $74 barrel to trade at $73.80. Investors started fixing profits, but oil prices remained supported by the report on good results of the OPEC+ agreement. The WTI Crude Oil is trading at $66.30 a barrel. Investors are waiting for the US drilling activity data from Baker Hughes. Analysts […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 19th session. Bitcoin/USD — We have gone back and forth showing strength against the dollar during the day as we hover around the 8,100 level. I think 8,200 is resistance and 7,800 is support. I look at this more or less as consolidation. So, we are right in the middle. So, I like buying dips and like to sell on signs of exhaustion closer to 10,000. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 18th session. Bitcoin/USD — As you can see, bitcoin has done very little against the US dollar during the day. Cryptocurrencies in general were pretty quiet. We continue to hang about 8,000 with the bottom of the consolidation at 6,000 and the top at 10,000. I think that short-term traders could use oscillators to go back and forth in a very tight short-term type […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 17th session. Bitcoin/USD — As you can see, the bitcoin has rolled over a little bit during the trading session on Monday as we are starting to see a bit of a pattern. We can see some bullishness which is basically retail traders. We will see larger traders come in and short this market. So, I think that the 6,000 level […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 16th session. Bitcoin/USD — As you can see, we have rallied a bit during the trading session on Friday, continuing the upward pressure, but not nearly like we did on Thursday. I think 10,000 continues to be resistance. So, I am waiting to see some if we could roll over. I think we have support below at 6,000 and it […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 13th session. Bitcoin/USD — As you can see, we did have a lot of noise in the bitcoin market. It was very positive on Thursday. We gained 10%, a pretty significant move. However, when you look at this candle in relation to what has been going on over the last several months, its kind of putting things into a bit of perspective. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 12th session. Bitcoin/USD — As you can see that the bitcoin has done almost nothing against the dollar during the day, hanging about the 6,900 level. I think that ultimately the 6,500 to 6,000 is a major support barrier. So, a break down below 6,000 would have me shorting. Otherwise, I am looking at rallies as an opportunity to sell. If we […]

The market tensions have eased, enabling the greenback to gain ground and the safe haven assets to correct their movement. Gold has retreated from the 11-week high and is trading near the level of $1,345 per troy ounce. Appetite for risk increases, but worries over tension in the Middle East persist. Investors shift their attention to the cryptocurrency market. Bitcoin has skyrocketed, breaking the level of $7,600. The second biggest cryptocurrency, ether is […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 11th session. Bitcoin/USD — As you can see, we have seen a little bit of bullishness come into the market with the 6,500 level offering a bit of support. I think that 6,000 is the actual support level. If we can break down below there, the market could drop pretty significantly. In the meantime, a bounce could happen, but I am […]