Posts Tagged ‘Cryptocurrency’

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 22nd session. Bitcoin/USD — Once again the market rallied on Thursday session. The 4,000 level looks like strong resistance. The market has formed three shooting star candlesticks here. So, it is seen as a sign of weakness. It looks like the market is attempting to form a basing pattern. So, you can buy on dips in the short-term. But it […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 21st session. Bitcoin/USD — Once again the bitcoin market rallied on Wednesday session. The market has got closer to 4,000. It looks like that the bitcoin market could be supported by the 50-day EMA. However, the market needs to overcome resistance at the 4,000 level. The volume is looking better now. This week saw the market to produce a shooting star candlestick […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 20th session. Bitcoin/USD — The Tuesday session saw the market to rally pretty significantly after a quiet trading session on Monday. The Americans were celebrating the President's Day on Monday and that contributed to low volume. A break of this downtrend line is seen as a bullish sign. But the market has only reached the top of this consolidation zone, which could offer resistance. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 18th session. Bitcoin/USD — The Friday session saw the bitcoin market to struggle to rally a bit, but only to roll over after finding resistance at this downtrend line, as you can see. One of the previous sessions produced a gravestone doji candlestick. The volume has been low lately. Selling on rallies that show signs of exhaustion is the way to play this […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 15th session. Bitcoin/USD — This market saw nothing much in the way of action on Thursday session. The volume has been very low. Recently, the market saw a 1.8% gain. However, the market is contained by this downtrend line. Also, the 50-day EMA and the 200-day EMA are offering resistance. So, rallies that show signs of exhaustion are to be sold. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 12th session. Bitcoin/USD — The Monday session saw the market to struggle to rally a bit. However, it only rolled over due to bearishness. This little downtrend line is offering resistance. Previously, the market experienced a 8% gain. But the volume has been very low lately. The 3,000 level below looks supportive. But the 4,000 level and the 200-day EMA […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 11th session. Bitcoin/USD — The Friday session saw the market to rally with much bullish pressure. It rose by 8%. But it faced strong resistance at this downtrend line. A close above this downtrend line and the 50-day EMA is a bullish sign. Then the market could face strong resistance at the 200-day EMA. Also,, the 4,000 level could offer […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 8th session. Bitcoin/USD — The Thursday session was slightly bearish. The market lacks volume at the moment. Also, the market is just going through a consolidation. A majority of retail traders are waiting for the bitcoin to start showing some move to the upside. The market needs a catalyst. Bitcoin needs something in the way of adoption to push prices higher. The 20-day EMA, 50-day EMA, the downtrend […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 6th session. Bitcoin/USD — It looks like the market lacks volume at the moment. So, there was nothing major in terms of action on Tuesday session. The market is finding the 3,500 level as strong resistance. Also the resistance is offered by the 20-day EMA, 50-day EMA, the downtrend line, and the 4,000 level. The 3,000 level below looks supportive. In the previous videos, a descending […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 4th session. Bitcoin/USD — Once again, the markets attempted to rally on Friday, but failed, as the 3,500 level continues to offer resistance. Also, the 20-day EMA offers significant resistance. So, this is seen as a market, that you can short rallies on signs of exhaustive candles. Only after a daily close above the 4,000 level, buying is recommended. To the downside, […]