FutureBlockchain

FutureBlockchain

Hi guys, Bitcoin keeps on moving upwards ever since closing near $31,500 on January 11. Some of the altcoins managed to gain some strength against BTC during the weekend - mainly LINK, DOT, ADA, and the DeFi stuff AAVE, CRV, RUNE, YFi. Now back to major alts action on Monday morning. ETH, LTC, and BCH are on the move posting some serious gains today. As for BTC,...

FutureBlockchain

Hello guys, The lower timeframe bearish scenarios were invalidated by the daily/weekly setup. The potential head and shoulders and inverted cup and handle did not result in a continuation of the downside reversal. Instead, bitcoin added more than 11% percent to its value for the last two days and is taking the alts with him. DOT for instance broke into the Top...

FutureBlockchain

Hello guys, Just as commented in my idea from yesterday, BTC hit the $32,000 line and the 100-day EMA on the 4-h and found support there. This resulted in more longs being opened that triggered the reversal. Obviously, our next goal will be to re-take $37,000. Let's see if the previous diagonal support line will serve as support once we hit $35,700. What...

FutureBlockchain

Hello guys, Last night was tough for us all BTC buyers as the $40,000 level was way too windy for us to stay too long there. The first drop to the zone below $34,700, which I considered to be also the first serious test down, resulted in a lot of long positions being drowned. That level, in my opinion, was strong due to the combination of horizontal and diagonal...

FutureBlockchain

Hello guys, Quick update on the price of Bitcoin Cash (BCH). The coin is now sitting at $594 after reaching $630 in the early hours of trading. The zone in front of bulls represents a solid resistance cluster from back in the day. I'm talking about the $630-$660 zone that combines both daily and weekly timeframes highs. A break above that level will open the door...

FutureBlockchain

Hello guys, TradingView blocked for some strange reason as I haven't broken any of the rules, so I hope that won't happen again. As my last idea was taken off I will just quickly paste here its second part, where I did a short 4-hour chart time frame analysis. Remember, this screen is from January 5th. BTC is in a pretty easily noticeable uptrend corridor...

FutureBlockchain

Hi all, Long time no see. I was on a vacation for the last ten days just to get rid of the accumulated stress, but no back to the rat race as Robert Kiyosaki formulated it once. It means - you are not poor, nor rich, but considered part of the middle class, which often falls into a trap called the middle-income trap. You think you earn enough money to buy stuff,...

FutureBlockchain Updated 

Hi all, BAT is breaking out now just as expected. The reversal to the upside was in the making ever after we surpassed the diagonal resistance. Now the BATBTC pair is going after our next target as marked on the chart. I would take out some profit once reached as a pullback is to be expected. Cheers,

FutureBlockchain Updated 

Hi all, Yesterday, the leading cryptocurrency once again hit the $9,300 resistance line and closed near that mark. It was 2.5 percent up on a weekly basis. Bitcoin still trading above the diagonal support (blue-dotted line) but failed to break above $9,300 and continue the uptrend towards the next major S/R zone $9,500-$9,600. Volumes are going down since...

FutureBlockchain Updated 

Hi all, ETH is making a slow, but good progress trading out of the symmetrical triangle now. On Sunday, bulls managed to end the losing streak and formed a green candle to $242. Next target up will be to consolidate the price above $240 and prepare for a further attack of the levels near $248-$250 I would open a long position if ETH breaks above $245. If not...

FutureBlockchain

Hi all, So, as discussed yesterday the bull flag on the 1h chart resulted in a breakout and run towards the lower end of the $9,600-$9,500 resistance zone. The price did not reach that point but was rejected near $9,480 and moved down to $9,350 today. Additionally, we found support above the 200-day EMA on the 4-h chart, which is a good sign that can now serve...

FutureBlockchain Updated 

Hi all, It's been a long time since we last looked at the major altcoins index. You know very well that we have some new entrants there, however, you know the volatility of the cryptocurrency market, so I will keep XBT and EOS in and CRO and ADA out for the time being, mainly given the fact the total difference is approximately $2 billion. So, for now, the index...

FutureBlockchain Updated 

Hi all, BAT is looking quite interesting now against BTC. The pair I'm looking at is on Binance. As you can see on the daily chart, the coin is now on critical horizontal resistance, which if surpassed will open the door for the next stage to the last reached high from February. The downside reversal was exhausted after BAT found stability at a previously solid...

FutureBlockchain Updated 

Hi all, WAVES also looking good after breaking out of the downtrend today. The coin was previously caught in a correction mode but found stability near the horizontal support which triggered a reversal to the upside. I'll be expecting a continuation of the uptrend and consolidation above Target 1 then another "wave" to Target 2. Stay safe ! Regards,

FutureBlockchain

Hi all, I was away for a week or so due to personal reasons, but now I'm back and will continue sharing my thoughts on what happens in the cryptocurrency market. If I'm right or wrong - only time can well, but the most important thing is that if you don't play you won't win. That's for sure. Looking at BTC on daily, we are perfectly following our projected path...

FutureBlockchain

Hi all, ETH is still finding it to reach and break $230 as the overall bearish sentiment is making traders be careful with longs. The trading volumes are at their lowest point in 3 months, at around $5 billion on a 24-hour basis compared to $10 billion on June 2 for instances when the coin peaked at $253. On the other hand, ETHUSD is in a symmetrical triangle...

FutureBlockchain Updated 

Hi all, BTC avoided a drop below $9,000 this weekend even though we saw the price of the biggest cryptocurrency trading as low as $8,830 on Saturday. It temporarily broke below the long-term downtrend (white-dotted line), but recovered in the later hours of trading. Yesterday, it rebounded from the $9k support, but only managed to reach the $9,150 line. Few...

FutureBlockchain Updated 

Hi guys, Just as predicted, ETH moved up to $240+ (242-243) yesterday but hit the local diagonal resistance, which did not allow a further increase in price due to almost immediate rejection around $245. The horizontal level at $245 was giving bulls problems already in the near past. After some sideways trading however it was able to break it in the 07-10 June...