Posts Tagged ‘Cryptocurrency’

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 21st session. Bitcoin/USD — As you can see, the bitcoin market is looking extremely bearish at the moment. Towards the end of Tuesday session, markets saw a little bit of buying. However, this is not enough. Any rally from here showing signs of exhaustion is an opportunity to sell. Until a daily close above the 50-period EMA, buying is not […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 16th session. Bitcoin/USD — After a period of brief consolidation, bitcoin market is now seeing a strong bearish action. The market has broken below the 6,000 level. So, this level could be resistance now. Any rallies close to this level that show signs of exhaustion are to be sold. As the market fell down, it bounced off […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 15th session. Bitcoin/USD — It looks like the market has finally made up its mind. The markets have fallen below the 5,800 level. This could pave the way towards the 5,000 level. It now looks very bearish for the bitcoin from a long-term perspective. A fall down up to 4,000 can be expected. At the moment, the US dollar looks […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 14th session. Bitcoin/USD — The Wednesday session saw the markets doing very little. The market is just moving sideways. Also, the 50-period EMA is flattening. It looks like bitcoin is going to be in a consolidation phase for some time. If the markets fall, then the 6,000 level could offer some support. Above, the 7,000 level could offer […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 9th session. Bitcoin/USD — Bitcoin market fell once again. It is now testing this uptrend line. The 6,400 level below looks supportive. This is seen as a short-term scalpers market. Also, buying on dips is recommended for the short-term. Anything beyond that, the market needs a catalyst. For long-term investors, you can utilize pullbacks at lower levels, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 8th session. Bitcoin/USD — It is worth looking the bitcoin market at the moment on the hourly chart, because it makes sense that this is a scalping situation. Now the market has broken to the upside and cleared the 6,500 level and it is drifting sideways. The 6,500 level now should act as support. This is a market for scalpers at the moment. This is […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 7th session. Bitcoin/USD — Tuesday session saw the market do very little and the market fell down a little bit. There is a falling wedge pattern forming. However, the market is now just drifting sideways. The 6,500 is a major barrier to the upside. So, you can anticipate sellers to arrive here. The bitcoin market really lacks a catalyst at the moment. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 6th session. Bitcoin/USD — It is worth looking at the hourly chart at the moment. The 6,500 level is a level where you have these cluster producing lots of noise. Hence this area can be seen as an area of resistance. Also, the market is in consolidation with this area as the top. The 5,000 level below is supportive. So, it is […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 2nd session. Bitcoin/USD — Bitcoin markets look interesting when viewed from the hourly chart. It looks easier to analyze than the daily chart. This is a scalping market. The market is in a consolidation zone with 6,500 as top and 6,200 as support. If you want to use range trading strategy, then it is recommended to use an indicator like […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 1st session. Bitcoin/USD — The Wednesday session did not see any major action. But there was still good volatility and the markets were moving up and down, and consolidating. This attracts short-term trading at best. Now, institutional money is flowing. The market has sliced through this downtrend line. It is still drifting sideways looking […]