Posts Tagged ‘Cryptocurrency’

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 20th session. Bitcoin/USD — As you can see, the bitcoin has done very little during the day forming a shooting star on Wednesday. Thursday has been pretty flat and that is because we have a ton of supply right here at 7,600. I think at this point, we are probably looking at a market that is ready to roll over. If […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 19th session. Bitcoin/USD — As you can see, bitcoin has rallied again a little bit during the day here on Wednesday, testing the 7,600 level. There is a lot of supply here and we are starting to form a bit of a shooting star. So, what I suspect the next move is, a drop down to 6,800. This area marked on the chart has to hold. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 18th session. Bitcoin/USD — As you can see, this market has broken to the upside, about 9.5% up for the trading session. That is a very positive sign obviously. I had suggested that 6,800 could be resistance. But if we can break above there at the 50-day EMA, then we could go much higher. And that is […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 17th session. Bitcoin/USD — As you can see, we had a little bit of a good news once again, about 4.4% as I record this, the 50-day EMA is just above. I think really what we are paying attention to is the 6,800. If we can clear that, then the market could make a run towards this major supply […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 10th session. Bitcoin/USD — As you can see, we have done nothing on Monday, we are literally down 0.2%, as we run into the 6,800 level, which seems to be resistance. Of course, the 50-day EMA. I think that the market could roll over from here. If it does, we could be looking at 6,000 underneath. Really, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 9th session. Bitcoin/USD — As you can see, we have opened a little bit flat to start the week on Monday. We have the 50-day EMA to offer resistance. It looks like we are going to run into a little bit of trouble. I expect to see some consolidation in this area. If we can break above the 50-day EMA, roughly […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 5th session. Bitcoin/USD — It is a little bit more of the same here, as you can see, we have struggled against the US dollar. We tried to rally, then we formed a shooting star, matching the shooting star from Wednesday. I think 6,800 now offers a bit of a ceiling. The 50-period EMA is just above near the 7,000 level, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 4th session. Bitcoin/USD — This was the Independence Day holiday in America. So, obviously things are going to be very quiet, but we did rally a bit during the day gaining about 3% on light volume. I anticipate that the 50-day EMA and the 7,000 level, both could offer resistance. So, I am looking for signs of exhaustion to start selling […]

While investors are keeping an eye on volatility in the currency market, cryptocurrencies are trading sideways at highs. Today, the bitcoin price is rising, trading near the mark of $6,600 a piece. Experts link the advance to a technical factor. However, many economists note that interest in digital assets grew on the back of the news that the mysterious creator of the virtual currency known under the nickname Satoshi Nakamoto is allegedly writing a book about himself, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 2nd session. Bitcoin/USD — As we go into the weekend, you can see clearly that bitcoin continues to struggle. I just don't see a way out at this point. With the hammer from Sunday being broken to the bottom, which is essentially 5,800. If we can break down below there, that opens the door to 5,500 perhaps even […]