Posts Tagged ‘Cryptocurrency’

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Bitcoin Forecast — January 19th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 19th session. Bitcoin/USD — As you can see, bitcoin has tried to rally, but turned around and it looks like a failed attempt. So, it looks likely that the lack of volume is going to continue to affect this market. With $12,000 level offering resistance, suggests that we are probably going to bounce around between $12,000 […]

Bitcoin Forecast — January 18th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 18th session. Bitcoin/USD — As you can see, we have sold off rather drastically. One thing that is interesting though, that is the $10,000 level is essentially the 50% Fibonacci retracement level, and it has offered support to form a hammer. That is a positive sign. If we break above $12,00 0, we could […]

Bitcoin Forecast — January 17th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 17th session. Bitcoin/USD — We have a bloodbath out there. Bitcoin has broken through $12,000 and considering the higher volume we have now and slicing through this level, it shows extraordinarily strong selling pressure. I suspect that retail traders are panicking at this point. If you have a small position in this market, you are […]

USD Still Soggy in Asian Trade

Market participants are facing unusual developments on forex. The same picture is unfolding with the US dollar for the second trading week in a row. The greenback is unable to recover losses. The US dollar index is still trading near a 3-year low of 90.50. US trading floors are closed on the occasion of Martin Luther King Day. Experts say that a thin market accounts for the weakness of the US dollar. As a result, rival currencies […]

Bitcoin Forecast — January 16th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 16th session. Bitcoin/USD — As you can see, the market has drifted a little bit lower after initially trying to rally during the day. Really at this point, the only thing I would say is, this is where the Chicago Futures market was opened. And we saw a high to the market and fell to the downside after that. A lot of larger institutional investors […]

Bitcoin Forecast — January 15th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 15th session. Bitcoin/USD — Bitcoin/dollar pair really did not do much, but we rallied a little bit during the day. But I think we are going to continue this consolidation between $12,000 and $17,000. We have to use a range bound trading system to take advantage of this. Otherwise, it is going to be difficult to put a lot […]

Bitcoin Forecast — January 11th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 11th session. Bitcoin/USD — As you can see on the daily chart, we have seen quite a bit of volatility in bitcoin and with that being the case we dropped towards this uptrend line. Then we turned around to form a hammer. Breaking above the top of the hammer, above the $15,000 level should send this market to $17,000. A breakdown below the bottom […]

Bitcoin Forecast — January 10th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 10th session. Bitcoin/USD — As you can see, we pulled back a little bit, to form signs of support at the $14,000 to form a hammer. But I think it is only a matter of time before we either rally towards 17 or break down towards the $12,000 level. Basically, it depends on which side of the candle we break out. The easy money […]

Bitcoin Forecast — January 9th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 9th session. Bitcoin/USD — As you can see, bitcoin has fallen a little bit during the trading session on Monday reaching towards $14,000. We have got back some of those losses. We have a bullish flag on the daily chart. If we can break above the top of this flag, in theory, this measure for a target of $30,000. Otherwise, we […]

Mixed Sentiment in Cryptocurrency Market

Today, bitcoin has started rising again on the news that famous billionaire Peter Thiel opened long deals on the virtual currency. Founders Fund, run by Paypal co-founder Peter Thiel, has invested millions of dollars in bitcoin. According to sources familiar with the situation, the venture capital firm bought about 20 million dollars of bitcoin. The cryptocurrency gained 16% on the news jumping above $15,000. However, bitcoin failed to keep the uptrend […]

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