Posts Tagged ‘Cryptocurrency’

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Bitcoin Forecast — December 4th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspDecember 4th session. Bitcoin/USD — It looks like this market is trying to build enough momentum to break above the $20,000 level, which looks psychologically significant, and could offer strong resistance. With the jobs number to be released from the US, any hints of US dollar weakness could cause the bitcoin to rally again. To the dfownside, the $18,000 level, and the 50-day […]

Bitcoin Forecast — December 3rd 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspDecember 3rd session. Bitcoin/USD — Bitcoin pulled back initially on Wednesday session, but then bounced off to show signs of support below. The next support could be located at the $18,000 level. Also, the area below this level is supportive extending down toward the 50-day EMA. So, pullbacks should be viewed as potential buying opportunities. A break above […]

Bitcoin Forecast — November 30th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 30th session. Bitcoin/USD — Bitcoin saw a sideways price action on Friday session and it stabilized above the $16,000 level. Bitcoin was very parabolic and now it needs a pullback. The market looks overbought at the moment. The 50-day EMA is a good place to buy. So, wait for pullbacks, and use them as value.

Bitcoin Forecast — November 27th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 27th session. Bitcoin/USD — The market turned very bearish on Thursday. This market was very parabolic and now it looks like it needs a pullback. However, you can wait to buy at much lower levels, probably close to the 50-day EMA. In the meantime, it is going to be very noisy. It is good to wait for the formation of a basing pattern. […]

Bitcoin Forecast — November 25th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 25th session. Bitcoin/USD — Bitcoin was extremely bullish on Tuesday session as it shot straight up and the $20,000 level could be tested for resistance. The market looks very parabolic at the moment. So, wait for pullbacks, and use them as value. The next support could come at the 50-day EMA. At the moment, the $20,000 level is going to be psychologically significant, and break above […]

Bitcoin Forecast — November 24th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 24th session. Bitcoin/USD — Bitcoin formed a neutral candlestick on Monday session. This was due to the US dollar got affected by the pound and the euro, as the headlines on Brexit made some noise. So, the dollar spiked and brought the bitcoin down. The market looks parabolic at the moment. A breakdown below the recent lows is bearish and the next support could be located at the $16,000 level. […]

Bitcoin Forecast — November 20th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 20th session. Bitcoin/USD — The market initially pulled back on Thursday, but turned around to form a solid candlestick. However, the market looks very parabolic at the moment. So, be cautious about this move. Hence, look for buying opportunities at lower levels. The next support comes at the $16,000. The 50-day EMA comes just below the $14,000 level. So, wait for pullbacks, […]

Bitcoin Forecast — November 19th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 19th session. Bitcoin/USD — Bitcoin tried to break above the $18,000 level and formed a shooting star candlestick. To the downside, the $16,000 level, and the 50-day EMA are supportive, This market looks overbought at the moment. So, wait for pullbacks, and use them as value.

Bitcoin Forecast — November 16th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 16th session. Bitcoin/USD — The price action on Friday was sideways with the $16,000 level offering support at the moment. You can expect buyers to arrive around the $15,000 level. The market looks overbought at the moment. So, wait for pullbacks, and see them as value. It is very hard to sell this market at the moment.

Bitcoin Forecast — November 13th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspNovember 13th session. Bitcoin/USD — The $16,000 level now looks psychologically significant and could offer strong ressitance. So, it makes sense that this market could see a pullback, and you can buy at lower levels. The next major support is $14,000. The market looks overbought at the moment. A break above the top of this candlestick is bullish. BItcoin is […]

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