The Trader Guy

Summary: Bitcoin shows signs of early bottoming as it recovers Tuesday’s losses, though confirmation remains uncertain. Institutional involvement is slowing volatility and extending recovery time. Key levels include support at $80,000 and resistance near $92,500, with downside risks if support fails. Bitcoin Bitcoin has rallied a bit here early on Tuesday to take out quite a bit of the losses on Monday.

Summary The euro shows a modest early-Monday rally but remains locked in a broader downtrend that began after the September FOMC meeting. Price action between key EMAs, questions around Fed policy, and historical dollar behavior support a bearish outlook unless 1.17 breaks. Euro/US Dollar The euro has rallied just a bit during the early hours here on Monday, November 24th, but it’s worth noting that we have been in a somewhat consistent downtrend since the September FOMC meeting.

Summary: Euro/USD action remains constrained by the 50-day EMA and a descending trendline, with the dollar’s broad strength steering the pair lower. The speaker watches 1.15 and 1.14 as key downside levels and sees bullish potential only above 1.17–1.18. The euro initially tried to rally during Tuesday’s session but continues to struggle with the 50-day EMA, an indicator many traders use for medium-term momentum.

Summary Bitcoin failed to sustain early gains as it struggled against the $108,000 level and the 200-day EMA. The chart looks bearish, with potential downside toward $92,000 or even $85,000 if $100,000 breaks. Taking a look at Bitcoin, which doesn’t look so hot at the moment as we tried to get to the $108,000 level but gave back gains as we approached not only that important figure that has been both support and resistance multiple times, but also the 200-day EMA.

Summary I’m watching silver closely as it surges toward $50, testing a heavy resistance zone up to $51.50. Whether silver can break higher or faces exhaustion here will likely determine its trend for the coming months. This is Chris from the TraderGuy.com taking a look at the silver market. Silver has erupted early on Monday to reach the $50 level and is now in the process of breaking above here.

Summary: I’m seeing Silver rally from the $47 level, but volume is fading as we approach $49 and $50. While the chart looks bullish short-term, I suspect we may have topped, so I’m watching risk closely. From TheTraderGuy.com, this is Chris, taking a look at Silver. On October 30th, Silver has rallied quite nicely during the early part of the session, using the $47 level as a bit of a springboard.

The Euro has fallen pretty significantly against the US dollar. Nothing drastic, but it is a continuation of what we’ve seen. Despite the fact that I keep hearing stories about the US dollar no longer being the world’s reserve currency and that it is going to zero. The reality is that after the FOMC press conference, the dollar for the most part, has done nothing but strengthened.

Bitcoin Analysis Bitcoin has rallied quite nicely during the trading session again on Thursday as we are challenging the $120,000 level. This is a market that I think is a little overextended over the last couple of days and I would be very cautious about the volume at the end of the day. If the volume stays basically where it’s at, I think we probably get a pullback. That pullback should end up being a buying opportunity. I don’t necessarily think that it’s anything negative.

EUR/USD The euro initially did try to rally a bit during the trading session on both Wednesday and Thursday, but we are starting to see a little bit of a pushback. That’s an interesting turn of events because the FOMC did cut by 25 basis points. But there’s also the question of whether or not they are dovish enough for the market. This was never going to be an interest rate decision that was about what they did.

The first chart I’ll bring in front of you is the Bitcoin market. You can see we initially did pull back just a bit during the trading session here on Friday, but we have seen bullish pressure since it’s been more of a risk on type of session on Friday. And that of course helps Bitcoin. The next question that we’ll have to deal with probably over the weekend is going to be the $117,000 area, where we’ve seen a little bit of noise and that could cause some issues.