Posts Tagged ‘technical analysis’

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Bitcoin Forecast — June 19th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 19th session. Bitcoin/USD — As you can see, we have rallied quite nicely during the day, about 5% against the US dollar, which of course is very impressive. But when you look at it from a long-term perspective, you can see it is still a blip on the radar. We certainly have resistance here at the 50-period EMA, […]

Bitcoin Forecast — June 18th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 18th session. Bitcoin/USD — As you can see, Friday was negative again, we did only lose 2%. So, that is a little bit of a victory in the sense, that it was not as violent as it has been. But I think at this point, the fact that we could not get more of a bounce, we could not get […]

Bitcoin Forecast — June 15th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 14th session. Bitcoin/USD — As you can see, we did bounce a bit, and quite frankly, we needed to during the day, that is good. The 6,000 is vital bouncing from there gives us a little bit of hope of a rally. I think 8,000 is still going to be very difficult. I anticipate a short-term rally and then a selling opportunity. The 7,000 […]

Bitcoin Forecast — June 14th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 14th session. Bitcoin/USD — As you can see, we have taken another bit of a beating during the day. We are down to right around 6,300 reaching towards 6,000 during the day. It was a pretty significant bounce, but one would expect that, as it is an area that has been important on long-term charts. But we […]

Bitcoin Forecast — June 13th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 13th session. Bitcoin/USD — As you can see from 12the session, bitcoin was down 2.5%. I suppose that is better than what we saw over the weekend, but it is just more of the same. When I look at this chart, 6,000 is obvious support, that extends down to about 5,000. If we break down […]

Bitcoin Forecast — June 12th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 12th session. Bitcoin/USD — As you know, we have collapsed over the weekend in reaction to yet another hack, this time in South Korea. It looks like bitcoin is going to go looking towards the vital 6,000 level that seems to be a bit of support zone. But really, at this point, the one thing that is easy to see […]

Bitcoin Forecast — June 11th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 11th session. Bitcoin/USD — As you can see, bitcoin has done pretty much nothing. We are down about 0.7% for the day on Friday. I think 8,000 continues to be resistance and 7,000 offers support. I also believe that the market will eventually go towards the 6,000 level. We had each successive high getting lower and we have […]

Bitcoin Forecast — June 8th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 8th session. Bitcoin/USD — As you can see, we tried to rally, we gave back most of the gains, and then ended up forming a somewhat negative candle, a bit of a shooting star. I think this is due to the market reacting to the 20-period SMA of the Bollinger Band. I think we will continue to go down to the $6,000 level. If we did somehow […]

Bitcoin Forecast — June 7th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 7th session. Bitcoin/USD — As you can see, we failed again on Wednesday at the 20-period SMA. I think it is only a matter of time before we continue downward. As you know that yesterday I had said that there is a little bit of a hammer, but I doubted that we are going to be able to get above 8,000. As long […]

Bitcoin Forecast — June 6th 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 6th session. Bitcoin/USD — As you can see, we did initially pullback a little bit during the trading on Tuesday, but have turned around to rally, and I think this is mainly a function to the EUR/USD rallying after what seems to be potentially good headlines coming out of Italy. Really, at this point, I think it makes more sense that […]

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