Posts Tagged ‘Cryptocurrency’

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Bitcoin Forecast — February 20th 2020

In this video, the Trader Guy looks at the commodity, gold for the February 20th session. Bitcoin/USD — The $10,000 level looks pivotal at the moment as the market is trading just above it. This is a psychologically significant level and will attract the attention of a lot of traders. A break above the recent highs will send this market towards the $12,000 level. A break below the lows, then the 50-day EMA will come into play. It […]

Bitcoin Forecast — February 18th 2020

In this video, the Trader Guy looks at the commodity, gold for the February 18th session. Bitcoin/USD — The market is hovering around the $10,000 level. The trading session was very bearish on Monday. So, it makes sense that the market is going to pull back looking for support at the 50-day EMA, which is also the $9,000 level. Capital control measures in China could cause the investments to flow into the cryptocurrency world. Also, […]

Bitcoin Forecast — February 17th 2020

In this video, the Trader Guy looks at the commodity, gold for the February 17h session. Bitcoin/USD — Bitcoin rallied slightly on Friday session. Now, the market is trading above the $10,000 level, which is psychologically significant and a large round number. So, short-term dips are buying opportunities, and you can aim for the $11,000 level. To the downside, the 50-day EMA, and the $9,000 level look supportive. This market looks set to go higher. […]

Bitcoin Forecast — February 12th 2020

In this video, the Trader Guy looks at the commodity, gold for the February 12h session. Bitcoin/USD — Bitcoin has now broken above the $10,000 level. This shooting star candlestick from previous week indicated a pullback. Now, the market is trading above the top of this candlestick. So, you can now expect the market to go higher. So, buying dips on shorter timeframes is the way to play this market at the moment. […]

Bitcoin Forecast — February 11th 2020

In this video, the Trader Guy looks at the commodity, gold for the February 11h session. Bitcoin/USD — On Monday session, bitcoin rallied strongly, but found the $10,000 level as strong resistance. Hence it fell back to give back some of the gains. This level is now seen as strong psychological resistance. A break below the bottom of the candlestick from Monday session is reason enough to sell bitcoin and you can aim for the $9,000 […]

Bitcoin Forecast — February 10th 2020

In this video, the Trader Guy looks at the commodity, gold for the February 10h session. Bitcoin/USD — The market saw a sideways price action on Friday session, as it is trading below the $10,000 level. So, it makes sense that a pullback is coming, and pullbacks are buying opportunities. To the downside, the 50-day EMA, and the $9,000 level look supportive. At the moment, investments are flowing out of China, and the market is also dominated by headlines […]

Bitcoin Forecast — February 6th 2020

In this video, the Trader Guy looks at the commodity, gold for the February 6h session. Bitcoin/USD — Bitcoin made a strong move to the upside on Wednesday. One reason is that the investments are flowing out of China. Recently, bitcoin broke above this bearish trendline, then it pulled back, and again continued to the upside. The $9,000 level offered strong support. A daily candle close above the $10,000 level is significant. The 50-day […]

Bitcoin Forecast — February 4th 2020

In this video, the Trader Guy looks at the commodity, gold for the February 4th session. Bitcoin/USD — The trading session was initially bullish on Monday, but the market then rolled over. To the downside, the $9,000 level looks supportive. Only a candle close above the $10,000 level can be considered as a trend change. A breakdown below the 50-day EMA Is very bearish. The $5,000 level is the target of the descending triangle pattern. So, look […]

Bitcoin Forecast — January 30th 2020

In this video, the Trader Guy looks at the commodity, gold for the January 30th session. Bitcoin/USD — Once again the bitcoin market is showing strong signs of strength. It is now trying to move towards the $10,000 level. However, this level could offer strong resistance. Now, the moving averages are rising, and could offer strong support. So, pullbacks could be buying opportunities. A candle close above the $10,000 […]

What Is the Blockchain?

Bitcoin transactions are stored in a public ledger called the blockchain. The idea is to eliminate the need for a third party to process payments. It is similar to a full history of banking transactions. The most recent transactions are assigned into a block and each completed block is added to the chain. Then the next block begins and added to the chain. Bitcoin is not issued or regulated by a central bank. Individual transactions are verified by individuals and rewarded […]

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