Posts Tagged ‘technical analysis’

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Bitcoin Forecast — August 16th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 16th session. Bitcoin/USD — As you can see, we did have a nice rally during the day. About 8% and that is pretty impressive, truthfully, coming from 6,000. Indeed, it is a strong move. You also have to keep it in context of what is going on. As the US dollar has rallied and emerging markets are starting […]

Bitcoin Forecast — August 14th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 14th session. Bitcoin/USD — We are down about 3.8%. When you zoom out, you can see that this is a market that just continues to make fresh new lows. We have not quite done that yet. But once we get below 6,000, things could get rather ugly. Previously, we […]

Bitcoin Forecast — August 13th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 13th session. Bitcoin/USD — As you can see, it has been anothr negative day. We have taken back about half of the gains from Thursday. Really, it has been pretty quiet truthfully. We are only down about 1.3% for the day. We look at 6,000 to the downside. If we can break down below there, […]

Bitcoin Forecast — August 9th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 9th session. Bitcoin/USD — As you can see, another day, another plunge. It looks like bitoin is going to go testing 6,000 again. It is probably only a matter of time before it breaks through it. Every time we rallied, the one thing that you will notice is, the highs are getting lower, […]

Bitcoin Forecast — August 8th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 8th session. Bitcoin/USD — As you can see, we have rallied a little bit during the day, reaching towards the 7,100, showing signs of life back here at 6,800. That is a technical signal that perhaps buyers are coming back. However, we are in a downtrend, as you can see this trendline continues to hold. Until we break […]

Bitcoin Forecast — August 7th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 7th session. Bitcoin/USD — We have fallen again and over the weekend, Goldman Sachs came out with some kind of negative statement against the bitcoin. But the truth of the matter is that we were testing this support level. But we broke through this and that is really all you need to know. Now, we are […]

Bitcoin Forecast — August 3rd 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 3rd session. Bitcoin/USD — As you can see, it has been negative again I have this area market on the chart, I think we break down below here, and we could go to the lows at 7,200. So, the next couple of 100 dollars are important. It should be noted that the downtrend line is still in effect. So, it […]

Bitcoin Forecast — August 2nd 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 2nd session. Bitcoin/USD — As you can see, we continue to see a lot of noise in this area here. Bitcoin cannot seem to break above the downtrend line. So, really, I think, what we are looking at here is a situation where we probably have the downtrend line offering way too much bearish pressure. As I have mentioned before, […]

Bitcoin Forecast — July 31st 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 31st session. Bitcoin/USD — As you can see, the market has rolled over a bit during the day, When you look at most of this selling, it's been late in New York. So, it's very interesting. The 7,500 level is important. If we can break down below, then the market unwinds. Otherwise, this could be an opportunity […]

Bitcoin Forecast — July 30th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 30th session. Bitcoin/USD — As you can see, we have rallied a bit during the trading session on Friday, after initially falling. I would have, truthfully, rather seen this pullback a little farther. I mean you can make an argument that there should be some support there, but truthfully at this point, I think what we are […]

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