Posts Tagged ‘Cryptocurrency’

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 20th session. Bitcon/USD — The market is trading close to the top of this ascending price channel, as you can see on the daily chart. Now, the market is pressing the $9,000 level for resistance. A dovish stance of the Fed is reflected regarding its monetary policy is reflected in the FOMC statement and it has weakened the greenback. So, it looks that the rate […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 19th session. Bitcoin/USD — On Tuesday session, the market initially rallied, and the fell back facing resistance at the top of this ascending price channel to form a shooting star candlestick on the daily chart. This market looks overbought at the moment and could pull back a bit. To the upside, the 10,000 level is the target. To the downside, the 8,000 level could offer support. Investors are waiting […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 18th session. Bitcoin/USD — Bitcoin market rallied on Monday session after finding support at the lower line of the ascending price channel. Investors are waiting for the release of the FOMC monetary policy statement to be released on Wednesday session. The market is trading above the 9.000 level. The central banks around the world are maintaining a soft tone to weaken their currencies. To the downside, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 14th session. Bitcoin/USD — On Thursday session, the market rallied as it found support underneath from the lower line of the ascending channel. So, it looks like the market could find its way in a slow grind towards the top of this channel. However, the $9,000 level is resistance. A break above this level is bullish and the next target is the $10,000 […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 13th session. Bitcoin/USD — Bitcoin market rallied on Wednesday session after breaking out of this little range. The market looks bullish at the moment and is facing strong resistance at 9,000. This looks like a market that wants to build enough momentum to break to the upside. To the upside, the 10,000 level is the target. However, keep in mind that this move has […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 10th session. Bitcoin/USD — The Friday session saw the market to bounce as the greenback was struggling against other currencies. The market is trading within this ascending channel. It looks like the market could reach towards the top of this channel. To the downside, the 50-period EMA and the 6,000 level look supportive. As long as the market trades above the 6,000 level, you can […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 5th session. Bitcoin/USD — Bitcoin market has pulled back a bit on Tuesday session. The recent moves have been parabolic. So, you should look for pullbacks at lower levels. The 7,000 level below looks supportive. Also, the 50-day EMA and the 6,000 level look supportive. As long as 6,000 holds, this market is considered bullish. So, you should […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 27th session. Bitcoin/USD — The market has managed to find some support and the Thursday session saw the market to form a hammer candlestick, as you can see on the daily chart. It looks like the market could break the resistance at 8,250. To the upside, the 10,000 level is the target. You can view the 6,000 level as the floor. As long as the market stays above this level, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 24th session. Bitcoin/USD — The market tried to pull back on Thursday session, but found enough support below to push the price higher. And the market formed a hammer like candlestick, as you can see on the daily chart. This market looks range bound between 7,000 and 8,250 level. As long as the 6,000 level holds, this market is bullish, and you can […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 23rd session. Bitcoin/USD — The market tried to pullback on Wednesday session as it is pressing for resistance at 8,000. So, you can buy pullbacks that show signs of a supportive candle. To the downside, the 7,000 level looks supportive. As long as the 6,000 level holds, this market is bullish in the short-term. To the upside, the 10,000 level is seen as target. However, the market has […]