Posts Tagged ‘technical analysis’

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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 […]

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 […]

Price Action and Technical Analysis Terms for Forex Beginners

In this video, we will learn about what price action and technical analysis are all about. So, technical analysis is what we use to make sense of our charts. Looking at this chart, of the first glance it looks very messy, very hard to understand. But in trading, we have to make sure that we can understand such a market so that we can potentially make […]

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 […]

USD/JPY and AUD/USD Forecast — January 10th 2018

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the January 10th session. USD/JPY — As you can see we have rolled over a little bit during the day, but it looks as if we are forming a bit of a symmetrical triangle with a little bit more of an upward bias. If we can break to the upside, then we go to 114.50. If we break to the downside, then […]

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 […]

Forex Resistance Levels and Trading Psychology

Zoe Fiddes in this video speaks about support and resistance levels and the associated trading psychology to these levels. The reason that these resistance and support levels form in a market, when price is range bound, when price bouncing between the floor and the ceiling, it has got a lot to do with psychology and the consensus of the market. When price reaches a certain point, it turns back round and comes back to the floor and so […]

Bitcoin Forecast — January 4th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 4th session. Bitcoin — As you can see, the bitcoin has initially tried to rally, but struggled at the $15,000, turned around, and formed a shooting star, which is of course a negative sign. We are at the 20-period SMA of the Bollinger Bands and turning lower. So, I think that the breakdown below the bottom of the candle sends this market looking for $13,000. A break below […]

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