Posts Tagged ‘technical analysis’

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Bitcoin Forecast — December 7th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 7th session. Bitcoin/USD — Once again the markets attempted to rally, but failed due to bearish pressure. However, it looks like the markets have found a temporary support here before another major breakdown. Bitcoin suffers from the fact that it is just a cryptocurrency. It lacks any kind of adoption by major banks or governments. The market is […]

Bitcoin Forecast — December 6th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 6th session. Bitcoin/USD — As you can see, we have fallen again during the trading session on Wednesday. The 4,000 level is now offering resistance. It is only a matter of time before we break down and reach 3,000. Short-term rallies that show signs of exhaustion are selling opportunities. Buying is possible only after a daily […]

Bitcoin Forecast — December 5th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 5th session. Bitcoin/USD — Once again the markets attempted to rally, but only to fail facing significant resistance from above. So, this looks like an extremely bearish market at the moment. Hence rallies are to be shorted where you see signs of candlesticks like a shooting star. Buying is considered only after a daily close above the 50-period […]

Bitcoin Forecast — December 4th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 4th session. Bitcoin/USD — Monday session saw the market struggle wiping out the gains from the week before. It is down by 2% and currently below the 4,000 level. Every time market attempts to rally, it is sold off. Now, it looks like a formation of a bear flag on the chart. The target for this flag is 2,000. So, the market […]

Bitcoin Forecast — November 30th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 30th session. Bitcoin/USD — Thursday session saw the market rally a bit, but failed at the 4,500 level, which offered resistance. So, you can see a shooting star candlestick on the daily chart at this level. This indicates that the sellers are in control and this is in line with the existing downtrend. A break above the top of this shooting star will […]

Bitcoin Forecast — November 29th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 29th session. Bitcoin/USD — Wednesday session saw the markets rally strongly. However, this could be a dead cat bounce, as the markets are in a strong downtrend. The 4,500 level above is significant as the sellers could step in. Any rally towards this level or the 50-period EMA that show signs of exhaustion is a selling opportunity. The 50-period EMA has […]

Bitcoin Forecast — November 28th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 28th session. Bitcoin/USD — Tuesday session was a little bit quiet. The market took a pause after a huge selling on Monday. To the upside, the 4,000 level is now resistance. So, any rally towards this level, that show signs of weakness needs to be sold. To the downside, there exists no target, as the market looks extremely bearish at the moment. Those […]

Bitcoin Forecast — November 27th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 27th session. Bitcoin/USD — Monday session was bearish. However, at the end of the day, the markets bounced off after slicing through the 4,000 level. The markets reached this level rather quickly. So, this market looks very bearish at the moment. Buying is only recommended above the 6,000 level or the 50-period EMA. Until then, you can short this […]

Bitcoin Forecast — November 23rd 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 23rd session. Bitcoin/USD — Bitcoin market was quiet on Thursday session as the US is celebrating the Thanksgiving Day. Currently, high volume is experienced on days when the market falls. The market is below the 5,000 level, which could act as resistance. This market looks like could head down to 4,000. Looking at the long-term perspective, it looks extremely […]

Bitcoin Forecast — November 22nd 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 22nd session. Bitcoin/USD — Wednesday session saw the market doing very little action. So, this was just a doji like candle, indicating indecision in the market. To the upside, the 5,000 level could provide resistance. Any rally towards the 50-EMA, that show signs of exhaustion is an opportunity to sell. A close above the 50-day EMA will prove to be bullish […]

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