Posts Tagged ‘Cryptocurrency’

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Bitcoin Forecast — September 23rd 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 23rd session. BItcoin/USD — The market rallied initially on Tuesday session and then dropped again. To the downside, the 50-day EMA, and the $10,000 level are supportive. So, pullbacks are going to be supportive. Pay attention to the US dollar index. The US dollar is seen as the fundamental driver for bitcoin. You need to see a candle close above the $12,000 level for a long-term move […]

Bitcoin Forecast — September 22nd 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 22nd session. Bitcoin/USD — The $11,000 level now looks psychologically significant and is offering strong resistance. At the moment, the US dollar is strengthening against everything. The next support could be located at the $10,000 level. So, fading short-term rallies that show signs of exhaustion could work at the moment. A breakdown below the $10,000 level is bearish and the 200-day EMA […]

Bitcoin Forecast — September 21st 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 21st session. Bitcoin/USD — The Friday session saw bitcoin to pullback a bit. The $11,000 level looks psychologically important and could offer strong resistance. Hence, a break above this level is significant. The US dollar is seen as the main driver behind bitcoin. A breakdown below the 50-day EMA is very bearish and the next support could be located at the $10,000 […]

Bitcoin Forecast — September 17th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 17th session. Bitcoin/USD — The $11,000 level is being tested for resistance. A candle close above this level is bullish So, the $12,000 level would be your next target. To the downside, the 50-day EMA, and the $10,000 level will be supportive. A break down below the 200-day EMA would be very bearish for bitcoin. However, the upside looks more […]

Bitcoin Forecast — September 16th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 16th session. Bitcoin/USD — Bitcoin rallied a bit on Tuesday session and is now testing the $11,000 level for resistance. This candlestick could end up being a shooting star. Also, the US dollar was trying to strengthen during the session, which could work against bitcoin. The next support comes at the 50-day EMA. The $10,000 level is seen as the short-term floor […]

Bitcoin Forecast — September 10th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 10th session. Bitcoin/USD — The market is testing the $10,000 level for support at the moment. The $10,000 level looks psychologically significant for bitcoin. However, the area below this level and extending down to the $9,000 level is supportive. The market could slowly grind its way upwards towards the $12,000 level. Hence, dips are buying opportunities at the moment. Trading bitcoin through […]

Bitcoin Forecast — September 8th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 8th session. Bitcoin/USD — Bitcoin is currently testing the $10,000 level for support. So, a bounce looks likely at the moment. This market is currently influenced by the US dollar as the fundamental driver. The Fed is flooding the market with liquidity. If the US dollar falls in value, then bitcoin should rally. As long as the $10,000 level holds, pullbacks are buying […]

Bitcoin Forecast — September 7th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 7th session. Bitcoin/USD — Bitcoin is testing the $10,000 level for support. This level was previously resistance and now should act like support. Also, it is psychologically significant. The US dollar is the main driver behind bitcoin. If the US dollar falls, then bitcoin should rise. A breakdown below the $10,000 level is significant and the next […]

Bitcoin Forecast — September 4th 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 4th session. Bitcoin/USD — The trading session was strongly bearish on Thursday. The 50-day EMA and the $10,000 level will be tested for support. You can make an argument for a potential head and shoulders pattern. The risk appetite got crushed on Thursday and bitcoin followed it. The market needs to clear resistance at $12,000 and the next target could be $12,000. The jobs number to be […]

Bitcoin Forecast — September 3rd 2020

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the&nbspSeptember 3rd session. Bitcoin/USD — Bitcoin is facing strong resistance at the $12,000 level, which also looks psychologically significant. So, it looks like this market could likely consolidate between the $12,000 level, and the $11,000 level. You need to see the dollar to weaken a bit for bitcoin to rally again. This chart could move similar to gold. They have […]

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