Posts Tagged ‘Cryptocurrency’

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 24th session. BItcoin/USD — The trading session was very bearish on Tuesday, as bitcoin fell down by 15%. It fell down to test the $45,000 level. The market was very parabolic and now it makes sense that this market needs a correction. Recently, bitcoin got a significant boost from Tesla. Further to the downside, the 50-day EMA will come into […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 23rd session. Bitcoin/USD — The candlestick from Monday session indicates huge volatility in the market. The market fell aggressively after a parabolic move to the upside. This could be due to profit taking by big investors in the market. The $48,000 level could be tested for support. Hence, it is necessary to be cautious when trading parabolic markets. The $40,000 level below […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 22nd session. Bitcoin/USD — Bitcoin made a parabolic move once again as it broke above the $55,000 level. Bitcoin is trading above this $10,000 level range, which was broken recently. Bitcoin received significant boost after Tesla announced that it is investing in bitcoin and would accept bitcoin as payment in the near future. This was […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 19th session. Bitcoin/USD — The trading session was initially bearish, but then bitcoin turned around after finding support at the $51,000 level. The $60,000 level could be the next target. However, the market looks very overbought at the moment. So, a pullback is inevitable in this market. To the downside, the support extends down towards the $45,000 level. Hence, pullbacks should […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 18th session. Bitcoin/USD — You had another parabolic move on Wednesday session, as you can see on the daily chart. The $50,000 level is now broken, which was previously resistance, and psychologically significant. So, the next target could be the $60,000 level. To the downside, the $40,000 level could be supportive. So, pullbacks are seen as buying opportunities at the moment.

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 17th session. Bitcoin/USD — Bitcoin initially broke above the $50,000 level, but then fell back to give back some of the gains. It formed a shooting star candlestick, as you can see on the daily chart. Hence, it looks inevitable that this market needs a pullback. To the downside, the $45,000 level could be supportive. So, pullbacks are buying […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 16th session. Bitcoin/USD — The market saw a sideways price action on Monday. The $50,000 level is now seen as the psychological resistance. So, bitcoin needs a pullback before making it to the upside. This market is in an uptrend. To the downside, the $45,000 level is supportive. Recently, Tesla made headlines after it announced it would accept bitcoin as payment. So, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 15th session. Bitcoin/USD — The Friday session saw the bitcoin to rally a bit. However, the $50,000 level could be the psychological resistance at the moment. Hence, it needs a catalyst to break above this level. Recently, Tesla made headlines after it announced that it will accept bitcoin as payment. This gave bitcoin a big boost. To the downside, the $45,000 level […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 12th session. Bitcoin/USD — Bitcoin rallied again on Thursday session. Recently, Tesla announced that it would accept Bitcoin as payment, which gave bitcoin a significant boost. Now, the $50,000 level is seen as the psychological resistance. A break above this level is very significant. To the downside, pullbacks towards the $40,000 level are seen as buying opportunities at the moment.

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspFebruary 11th session. Bitcoin/USD — Bitcoin exploded to the upside on Tuesday session. It was followed by another bullish trading session on Wednesday. This was after the announcement by Tesla to accept bitcoin as payment. The measured objective of this bull flag pattern comes at the $50,000 level. However, it looks like this market needs a little pullback. So, pullbacks are buying […]