Posts Tagged ‘Cryptocurrency’

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Bitcoin Forecast — December 11th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 11th session. Bitcoin/USD — The market is falling towards the $7,000 level and looks bearish at the moment. Also, the measured objective of this descending triangle pattern is the $5,000 level. The 50-day EMA is moving down and looks likely to cross below the 200-day EMA. So, fade rallies, and sell them on signs of exhaustion.

Bitcoin Forecast — December 10th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 10th session. Bitcoin/USD — The market is showing signs of weakness at the moment. The measured objective of this descending triangle pattern comes at the $5,000 level. A breakdown below the recent lows is a signal to sell. The 50-day EMA could cross below the 200-day EMA as the price moves lower. So, rallies are going to be short lived and you should see them […]

Bitcoin Forecast — December 9th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 9th session. Bitcoin/USD — Bitcoin is struggling to hold on to the gains at the moment. The market has been trading inside this downward sloping channel and also below the descending triangle pattern, with a measured objective coming at the $5,000 level. Only a daily candle close above the $10,000 level can convince buyers in this market. The market looks bearish at the moment. So, […]

What Is Cryptocurrency?

In this video, you will have a good understanding about cryptocurrencies. You might have already purchased items using your credit card online. The transactions are often carried out through a payment gateway. These companies store sensitive information like the credit card details and charge a commission for every transaction. In the case of international transactions, they usually take time and involves higher commissions. So, the cryptocurrency evolved to reduce […]

Bitcoin Forecast — December 5th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 5th session. Bitcoin/USD — The market rallied slightly on Wednesday session, up about 2%. However, it ran into an area of resistance. The measured objective of this descending triangle pattern comes at the $5,000 level. So, you can look for signs of weakness to sell bitcoin at the moment. Only a candle close above the $10,000 level can be considered bullish. However, […]

Bitcoin Forecast — December 2nd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 2nd session. Bitcoin/USD — The market is now trading below the 200-day EMA. The measured objective of the descending triangle pattern comes at the $5,000 level. So, you can look for any signs of weakness in this market, and sell rallies at the moment. Bitcoin market looks very bearish at the moment. We will continue to see weakness in this market and fading price action […]

Bitcoin Forecast — November 26th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 26th session. Bitcoin/USD — Though the market fell hard on Monday session, it bounced later to from a hammer candlestick, as you can see on the daily chart. The market is now trading below the 200-day EMA. The measured objective of the descending triangle pattern comes at the $5,000 level. So, bounces that show signs of weakness are to be seen as selling opportunities.

Bitcoin Forecast — November 25th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 25th session. Bitcoin/USD — Bitcoin fell on Friday session strongly, about 6%. Bitcoin rallied recently from these lows due to headlines on Chinese support for blockchain technology. The measured objective of this descending triangle pattern comes at the $5,000 level. So, you need to see a candle close below these lows for a sell signal. At the moment, bitcoin market looks […]

Bitcoin Forecast — November 22nd 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 22nd session. Bitcoin/USD — Bitcoin is falling towards the base of this descending triangle pattern. Buying bitcoin is difficult at the moment. Fiat currencies are depreciating in value at the moment due to the actions of central banks like rate cut and easing. The market will find resistance above from both the 50-day EMA and the 200-day EMA. The measured objective of the descending triangle […]

Bitcoin Forecast — November 15th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 15th session. Bitcoin/USD — The trading session was slightly bearish on Wednesday session. It looks like bitcoin could consolidate between the 50-day EMA and the 200-day EMA. The measured objective of this descending triangle pattern comes at the $5,000 level. Only a daily candle close above the $10,000 level is considered as bullish for bitcoin. So, it is time to look […]

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