Posts Tagged ‘Cryptocurrency’

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Bitcoin Forecast — April 1st 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 1st session. Bitcoin/USD — The trading session was quiet on Tuesday. The market is trading just below the $7,000 level, which is psychologically significant, and also could offer strong resistance. Hence, a daily candle close above this level will see much higher prices. However, at the moment, you can look to fade rallies, and sell them on signs […]

Bitcoin Forecast — March 30th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the March 30th session. Bitcoin/USD — After this rally, the $7,000 level proves to be strong resistance, and be psychologically significant. So, you can expect the market to roll over, and fall down to look for support. To the downside, you can extend down as far as the $5,000 level for support. A candle close above the $7,000 level is significant. However, the 50-day EMA could […]

The Benefits of Cryptocurrency Trading

Trading cryptocurrencies like bitcoin, litecoin, etc. involves speculating the price without owning the actual asset. There are severn benefits to trading cryptocurrencies. Volatility: Those who are speculating on the prices of a cryptocurrency, high volatility means more trading opportunities. Market hours: You can trade the cryptocurrencies 24 hours in a day and 5 days in a week. So, you can choose your trading hours. Improved liquidity: Improved liquidity […]

How to Trade Cryptocurrencies?

Do you want to trade cryptocurrencies? There are quite a few which are extremely popular among traders like bitcoin, ether, ripple, etc. The good news is that you do not need to own the underlying asset, but you can participate in the cryptocurrency trading. So, you can take long and short positions. This is different from buying coins through a cryptocurrency exchange. You can […]

Cryptocurrencies to Watch

You might have come across bitcoin and other popular cryptocurrencies. This video focuses on those cryptocurrencies which are less known to investors. Strat: It is based on the stratus platform, and offers businesses with blockchain services, and initial coin offerings. Some major tech organizations now support strat. Lumen: It runs on the stellar network with billions of coins in circulation and transactions that take just five seconds […]

What Is the Bitcoin Halving?

The bitcoin halving is expected to take place in May 2020. How can if affect bitcoin's price? What is it? All bitcoin transactions are stored in a ledger called blockchain. Every bitcoin transaction is verified in the network and new blocks are added to the chain. New bitcoins are generated automatically and are rewarded for those who verify these transactions successfully. The rewards was 50 bitcoins, but the software […]

Bitcoin Forecast — March 26th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the March 26th session. Bitcoin/USD — The market initially rallied on Wednesday session, but then rolled over to drop by 1.5%. The market is reaching towards an area, which was previously supportive, and it could now offer resistance. The Fed is doing more quantitative easing. However, bitcoin is unable to gain from this situation. A candle close above the $7,000 […]

Bitcoin Forecast — March 24th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the March 24th session. Bitcoin/USD — The market initially rallied on Monday session, but then rolled over to give back some of the gains. The market could consolidate between the $7,000 level and the $6,000 level. A break below the $6,000 level is very bearish and it opens the door to the $5,000 level. There is a strengthening of the US dollar at the moment. You need to see a candle […]

Bitcoin Forecast — March 23rd 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the March 23rd session. Bitcoin/USDD — The market rallied on Friday session, but found the $7,000 level as significant resistance. This level was previously supportive and now it should act like resistance. You can see the shooting star candlestick right below this level on the daily chart, which shows signs of weakness. So, rallies that show signs of exhaustion […]

Bitcoin Forecast — March 20th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the March 20th session. Bitcoin/USD — Bitcoin has broken above the $6,000 level. However, you can expect the $7,000 level to be the beginning of the supply zone. So, you can fade price action to the upside, and short rallies that show signs of exhaustion. The market needs to clear the $8,000 level so that you can feel comfortable to buy bitcoin again.