Posts Tagged ‘technical analysis’

Random video

Archives

Bitcoin Forecast — October 19th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 19th session. Bitcoin/USD — At the moment, the bitcoin market is testing this downtrend line. Breaking this trendline is crucial and it determines the bullishness in the market. A move towards $8,000 can be expected. However, Thursday session saw the market fall a bit. If we fall further, then the 6,000 level is the near-term target. Since the volume is […]

Bitcoin Forecast — October 18th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 18th session. Bitcoin/USD — The markets did not see any major action on Wednesday. The $5,000 level below looks supportive. A break below this level would be very bearish. The markets are still drifting through this descending triangle pattern. Buyers need to see a break above the top of this candlestick from Monday session. That would […]

Bitcoin Forecast — October 17th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 17th session. Bitcoin/USD — Bitcoin markets rallied once again to the relief of the bulls. But market participants just need to wait for the break above the top of this shooting star. That would be seen as a bullish signal and a move to 7,000 can be expected. The alternate scenario is to see a break below the 5,800 level, which will be very bearish. […]

Bitcoin Forecast — October 16th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 16th session. Bitcoin/USD — Finally, the bitcoin is showing some signs of action. The bitcoin market broke this downtrend line to the upside. This is due to the announcement from a financial firm, Fidelity Investments, which launches a trading desk for trading cryptocurrencies. This caused a spike in the market. Whether it is a false breakout or not, traders need to wait and see […]

Bitcoin Forecast — October 10th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 10th session. Bitcoin/USD — Once again, bitcoin fell down about 1% on Tuesday session. However, it looks like the market is undecided at the moment, finding it difficult to decide a direction, as it is stuck in this large descending triangle pattern. The 6,000 level below is supportive and a break below is very bearish. A break of this downtrend […]

Bitcoin Forecast — October 9th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 9th session. Bitcoin/USD — Volume has been decreasing in the bitcoin market over the last few months. If you are expecting a long-term move, then volume should pick up as well. Monday session saw the bitcoin rally a bit, about 1%. However, all the dreams of the bulls are short lived until the market breaks out of this descending […]

Bitcoin Forecast — October 5th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 5th session. Bitcoin/USD — Thursday session saw the market do very little. It was a small green candle in the daily chart. This market has been consolidating inside this descending triangle pattern. The market needs a catalyst to break out in either direction. So, short-term bounces that show a shooting star like candle are to be sold, […]

Bitcoin Forecast — October 3rd 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the October 3rd session. Bitcoin/USD — The market is stuck inside this descending triangle pattern. Nothing major has happened to trigger a breakout in either direction for bitcoin. The 5,000 level below is supportive. The 7,000 is the level where we can expect sellers to step in and push the market down. So, you can short rallies that show signs of exhaustion, […]

Bitcoin Forecast — October 1st 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the September 28th session. Bitcoin/USD — The market is looking for a news release or some event to cause this market to break out of this descending triangle. The only thing positive for bulls is this 6,000 level. So far, it has held as support. The 7,000 level is major resistance that bulls have to overcome. Until then, you can sell […]

Bitcoin Forecast — September 28th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the September 28th session. Bitcoin/USD — Thursday session was a dull session as the market did not do much. The one important thing in this chart is this triangle pattern that we are paying attention to. So, you can wait for the market to break out in either direction and you can take the trade in the direction of the breakout. But the market needs […]

Navigation

Menu