Posts Tagged ‘Cryptocurrency’

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 16th session. Bitcoin/USD — The market showed signs of support at the 50-day EMA, which coincides with this uptrend line, on Thursday session. Also, the $10,000 level looks supportive, and the market formed a hammer candlestick. To the upside, the $12,000 level is the short-term target. A break below the bottom of the hanner candlestick is bearish and the next target is the $8,000 level. The bitcoin market […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 15th session. Bitcoin/USD — The trading session was strongly bearish for bitcoin on Wednesday. Now the market is testing for support at the 50-day EMA, the $10,000 level, and the uptrend line. Any support here is seen as a buying opportunity and you can aim for the $12,000 level to the upside. A break below the $9,700 level is bearish and the next target is the $8,000 level to the downside. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 14th session. Bitcoin/USD — Bitcoin fell a bit on Tuesday session. But to the downside, the uptrend line, the 50-day EMA, and the $10,000 level look supportive. So, you can wait for the market to reach lower levels to buy bitcoin. Bitcoin is moving up along with gold at the moment. Investments are flowing away from China at the moment. That can only […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 13th session. Bitcoin/USD — Bitcoin is facing strong resistance at the $12,000 level. To the downside, the 50-day EMA and the uptrend line, and the $10,000 level are offering support. Both the ECB and the Fed are responsible for the flow of investments away from fiat currencies and causing the value of  gold to rise. In commodities, silver is also gaining advantage of this situation. Bitcoin is also […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 9th session. Bitcoin/USD — The market initially rallied, but then fell back facing resistance from the $12,000 level above. To the downside, the $10,000 level, the 50-day EMA, and the uptrend line are looking supportive. Bitcoin is going through a similar sentiment as gold at the moment. So, pullbacks are seen as buying opportunities at the moment.

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 8th session. Bitcoin/USD — The Wednesday session saw the market to drift sideways. The $12,000 is the next major barrier that this market needs to overcome. The Monday session produced a shooting star candlestick on the daily chart. So, the next target is the $14,000 level. As usual, pullbacks are seen as buying opportunities, as this market is in an uptrend at the moment. The uptrend line, […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 6th session. Bitcoin/USD — After finding support at the 50-day EMA and this uptrend line, bitcoin made a powerful to the upside. It has to break the $12,000 level, which is seen as strong resistance. However, buying pullbacks is seen as an attractive investment in bitcoin. The Chinese monetary flows is causing an upward pressure in this market. Investment is leaving from […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 1st session. Bitcoin/USD — Bitcoin rallied a bit on Wednesday session. The uptrend line and the 50-day EMA, and the $10,000 level look supportive. The Fed sounded dovish and did an interest rate cut on Wednesday. To the upside, the $12,000 level is the short-term target. The market could slowly grind its way to the upside. A break below the $8,000 level is bearish. However, this market […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 25th session. Bitcoin/USD — The bitcoin on Wednesday session pulled back a bit. The market is still in an uptrend as evident from this uptrend line. Also, the 50-day EMA below looks supportive. A break below, the $8,000 level will offer support. Any further break below this level is very bearish for bitcoin. It looks like the market is […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 24th session. Bitcoin/USD — The Tuesday saw bitcoin to pull back a little bit looking for support above the 50-day EMA. At the moment, the market is trading above the $10,000 level, which looks supportive. Also, the uptrend line is offering support at the moment. So, buying on dips is the way to go. A break above the top of the shooting star candlestick is a bullish […]