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Lewis began contributing signals to, where he collaborates with DailyForex’s chief trader, Adam Lemon, to provide additional signals to serious traders directly to their mobile phones. Christopher has tested dozens of Forex trading platforms during his years as a trader, though he now uses GFT’s 360 DealBook when placing personal trades. He also contributes weekly Forex forecasts, monthly outlooks and even yearly forecasts, all of which are all highly valued by his loyal following. In addition to multiple daily analyses, he has been providing traders with regular video analyses for several years. Lewis most often trades on the daily or weekly chart, rather than on a shorter time frame, making his market outlooks suitable for traders in all time zones. Unlike many Forex traders who prefer to trade in a specific market session, Christopher takes advantage of the flexibility provided by the currency markets, and he trades in all sessions, most often when he’s taking a study break from pursuing degrees in both finance and computer science.
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While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.Ĭhristopher Lewis is a Columbus, OH-based Forex trader who enjoys trading a wide range of pairs from the traditional EUR/USD to more exotic USD/RUB, and many things in between.
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![bitcoin 200 ema bitcoin 200 ema](https://i.ytimg.com/vi/AhedUEkHUAI/maxresdefault.jpg)
Keep in mind that Bitcoin is also a risk asset, so we need to have a “risk-on” type of attitude.ĭisclosure: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. Pay close attention to the US dollar, because if it starts to strengthen quite drastically, that could weigh upon this market as well, as it of course is priced in those very same US dollars. That being said, we have not had the follow-through as you would expect. We recently formed a complex “W pattern”, which is bullish. The $40,000 level is an area that has been important in the past, so I would anticipate that there should be a certain amount of buying pressure there. If we were to break down below the 50-day EMA and close lower on a daily chart, then it is possible that we could go looking to reach the $40,000 level. The $50,000 level above could be the target if we break out to the upside, but at this point, I think it looks like the market is more likely than not to go sideways at best. The question now is whether or not this has been a “false breakout?” The marketplace is a very noisy place to be right now, and I believe that it is probably only a matter of time before we get an explosive move. I am waiting for some type of supportive or bullish candlestick on the daily chart to buy more because Bitcoin looks as if it is going to struggle in general. The size of the candlestick is rather important, and another thing that does have me a bit concerned is the fact that we have broken through the bottom of that impulsive breakout candlestick, so the question now is whether or not Bitcoin can find buyers? While I am not looking to short the market right now, I recognize that we could have further to go to the downside.
![bitcoin 200 ema bitcoin 200 ema](https://s3.tradingview.com/z/ZxMx4Kg7_big.png)
Because of this, the market now is looking at the 50-day EMA, which is curling higher and could be an area where people are interested in getting involved. The Bitcoin market broke down significantly on Wednesday to slice through the 200-day EMA. By doing so, the market is showing signs of exhaustion, as we had previously broken out quite drastically, only to pull back and show signs of negativity yet again.